1031 Exchange Rules and Benefits: Sell Real Estate Tax Free | HomeUnion

There are numerous ways to sell your current investment property and fund your next real estate investment. One method that defers taxes on real estate is a 1031 exchange. Essentially, you are taking the equity of one property and exchanging it for new properties.

Key Components

Time

One of the most important aspects to properly executing a 1031 exchange is timing. After you’ve sold a property, you have 45 days to identify replacement properties and 180 days to close. This is a short timeframe that HomeUnion® can make!

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Types of Real Estate

The IRS stipulates that the replacement investment properties must be “like kind” and to take full advantage of the tax deferral, you should buy new investment properties of equal or greater value. HomeUnion® supplies you with a full portfolio to ease this process.

Benefits of a 1031 Exchange

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Taxes

Most investors look toward the 1031 exchange for a means to defer taxes paid on selling their real estate investment.

Income

By using the capital from the sale, you can purchase a larger real estate opportunity and produce more income.

Diversification

By taking the proceeds and investing it into several real estate opportunities, you add more diversification to your portfolio.

How It Works

Schedule an Introductory Call.

We discuss your goals, answer your questions, and send you a sample

portfolio of properties.

Meet our 1031 exchange partner.

We quickly introduce you to 1031 exchange partners who can review

the transaction with you and your tax and/or legal advisors.

Sell your relinquished property.

Once you sell your property and it goes under contract, our 1031

exchange partners will help you start the exchange.

Receive a Custom Portfolio.

During the selling phase, HomeUnion® sends you a custom portfolio of

available cash flow properties that match your goals.

Approve your properties.

Since you will have a strict time-frame, you should finalize which HomeUnion® properties you’re moving forward with.

Sit Back and Relax.

Our 1031 exchange partners do all the legwork for you to close on your relinquished property. All you have to do is sign!

Continue to Sit Back and Relax.

HomeUnion®’s team handles all the details of acquiring your properties and applying the proceeds to complete the exchange.

Celebrate!

Congratulations. You just sold your real estate investment tax-free, and now own real estate properties in growing markets.

Meet our 1031 Exchange Partners

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Have questions about 1031 exchanges?

We have experienced real estate investment professionals standing by to answer questions and help you with next steps.

HomeUnion® does not provide investment advisory, tax, legal or financial services, and recommends that you consult a licensed real estate, tax, legal, accounting or investment professional to perform an independent analysis before making decisions regarding the purchase or sale of real estate.