Common 1031 Exchanges In Florida

1. Common 1031 Exchanges In Florida

2. Delayed Exchange This is the most used method. You sell your current property first, then have 45 days to identify a new one and 180 days to close. A qualified intermediary holds the funds during this time, so you don’t take possession and lose tax benefits. It’s flexible and widely accepted in Florida deals.

3. Reverse Exchange With this method, you purchase the new property before selling the old one. Many use this 1031 Exchange service Florida investors rely on when they find a perfect deal they don’t want to lose.

4. Simultaneous Exchange Both properties close on the same day. This 1031 Exchange service Florida professionals use works best when timing can be perfectly aligned, but it’s less common due to the strict coordination required.

5. Improvement Exchange This lets you use part of your exchange funds to improve the new property. It’s useful when you want upgrades done immediately, but it comes with strict IRS guidelines and time limits.

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