Call (800) 735-1031 or click here to begin the process immediately!

 

 

Exchange ABC's

Creating An Exchange

Frequently Asked Questions

What Qualifies?

Exchange Calculator

Capital Gains

IRC 1031

Taxable Boot

Exchange Process

Role of Facilitator

Choosing a Facilitator

 


Always ask:

    1. What does your Seller have?
    2. What does your Seller want?
    3. Is the Seller aware of the Universal Exclusion and IRC §1031 rules?
    4. If the property is an investment, has the seller considered an IRC §1031 tax deferred exchange?
    5. Would the Seller like the option to exchange?
    6. Can Equity Advantage assist you with any questions or concerns the potential Exchangor has?

Before selling the property:

    1. If the property qualifies for IRC §1031 include a cooperation clause in the listing agreement. A cooperation clause establishes intent.
    2. Find out exactly what your investor wishes to acquire in the exchange, find it, and find several!
    3. Include Equity Advantages Addendum A with your Earnest Money Agreement. Our Addendum A gives the prospective Exchangor the option to do an exchange without locking them into one!

C all Equity Advantage:

    Equity Advantage should be contacted prior to marketing the property. Any potential pitfalls in an exchange involving this property can be identified at this time. Our unique investment background will be helpful in getting the most out of your exchange.

Immediately upon acceptance of an offer once again contact us. During this call we will only need a few questions answered to get the transaction together. The following will be asked:

    1. Your full name, company, address, and phone number. We require this information to give you copies of the exchange documentation.
    2. The Exchangors full name address, phone number, and soc. sec. no.
    3. The Escrow Officers name, company, address, phone number, and escrow number.

The ABCs were compiled to show the ease of initiating an exchange. The 1031 process can be very complex, we encourage a call to Equity Advantage early to discuss any potential challenges in the transaction.

THE IRC §1031 TAX DEFERRED EXCHANGE SHOULD BE A PROACTIVE, NOT REACTIVE ACTIVITY. Equity Advantage, Incorporated is only one member of your successful investment team.