As an Exchangor, you are required to provide in writing an “unambiguous description” of the potential replacement property prior to midnight on the 45th day (after the close of the first relinquished property) to be valid in your Exchange. Here are the rules from 1031 Guru David Moore of Equity Advantage!
A legal description or property address will suffice. If you wish to identify or purchase multiple properties, you must follow one of the following guidelines:
- Identify up to three properties of any value with the intent of purchasing at least one.
- Identify more than three properties with an aggregate value that does not exceed 200% of the market value of the relinquished property.
- Identify more than three properties with an aggregate value exceeding 200% of the relinquished property, knowing that 95% of the market value of all properties identified must be acquired.
A submitted purchase agreement is considered a sufficient identification. Any properties purchased and closed within the 45-day time period qualifies as an identification! For more information give us a call today at 503-635-1031 or visit 1031exchange.com.
OUR WEBSITE
------------------------
[ Ссылка ]
[ Ссылка ]
1031 EXCHANGE FAQ
-------------------------------
[ Ссылка ]
SOCIAL MEDIA
-----------------
Linkedin: [ Ссылка ]
Facebook: [ Ссылка ]
Twitter: [ Ссылка ]
Instagram: [ Ссылка ]
Youtube: [ Ссылка ]
VISIT MY BLOG
----------------------
[ Ссылка ]
Disclaimer: All my opinions are my own. These statements are not meant to be taken as investment advice.
