David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers questions about the risks involved in a delayed 1031 exchange. The best approach for an exchange is employing an expert on exchanges in order to understand all risks, requirements, and timelines involved in the process.
The biggest risk with any exchange is the time constraints. The 45-day timeline for identification of property goes by far too quickly—much faster than you ever anticipate…The primary way an accommodator can help reduce those timeline risks comes through communication by keeping the taxpayer and any agents in the loop and aware of the time constraints. – David Moore, Equity Advantage
If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.