A 1031 exchange is a provision in the Internal Revenue Code that allows real estate investors to defer capital gains taxes when selling and reinvesting in another qualifying property.
Why Choose Blue Wave Escrow for Your 1031 Exchange?
Navigating the complexities of a 1031 exchange requires expertise and attention to detail. Our team of professional’s experiences and knowledge ensure a seamless and compliant process.
With our secure escrow services, your funds are held with the utmost care during the exchange process. We act as a neutral third party, facilitating the exchange and safeguarding your interests.
We understand the time sensitivity of 1031 exchanges. Our streamlined process ensures that your exchange is completed efficiently, allowing you to reinvest in a like-kind property without unnecessary delays.
How Our 1031 Exchange Service Works
- Initiation: Start the process by informing us of your intent to conduct a 1031 exchange.
- Qualified Intermediary: We act as a qualified intermediary, holding the funds from the sale of your relinquished property.
- Identification Period: Identify potential replacement properties within the IRS-designated timeframe.
- Closing: Close on the replacement property within the specified timeframe to complete the exchange.