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  • Reinvest 100% of proceeds:The value of the investment income property being purchased must be equal to or greater than the value of the income property being sold.

  • The equity ( income property value minus loan balance) in the new income property must also be equal to or greater than the equity in the old income property. In other words, the loan amount on the new income property must be equal to or greater than the loan amount on the income property being sold.

  • Third 1031 Exchange Requirement: exchangers must use a Qualified Intermediary. An Intermediary will hold the funds and provide technical experience to maintain the integrity of the exchange.

  • Fourth 1031 Exchange Requirement: Exchanged income properties must be like kind. The IRS definition of Like-Kind is any income property held for productive use in a trade or business or held for investment purposes.

    The successful completion of a 1031 exchange into tenants in common ownership is best facilitated by a 1031 expert who specializes as a Replacement income property Specialties. Contact us today to complete your 1031 exchange.