The 1031 exchange, explained.
What Coastal Bend investors need to know before their relinquished property closes.
- 01What a 1031 exchange actually does
- 02The two deadlines that matter
- 03Like-kind doesn’t mean identical
- 04Qualified intermediaries, the step you can’t skip
- 05Beyond the simple swap
- 06Basis, depreciation & boot
- 07Common ways an exchange fails
- 08The process, start to finish
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Before you sell your investment property.
A 1031 exchange can be one of the most valuable tools an investor has, and one of the easiest to get wrong on a technicality that has nothing to do with the property itself. Two deadlines, one intermediary requirement, and a lot of paperwork that has to happen in a specific order.
I want to be direct about something upfront: we are real estate professionals, not tax advisors. This guide will help you ask better questions and understand the mechanics well enough to have a productive conversation with your CPA and a qualified intermediary; it is not a substitute for either.
What we do bring is the local side of the equation: sourcing a qualifying replacement property in the Coastal Bend within your 45-day window, and moving fast enough on a purchase contract to make your 180-day deadline realistic instead of stressful.
If you’re actively weighing whether to exchange, the earlier we talk, the more options you’ll have.
Tiffany Burris
Broker & Realtor®, LUXE Realty Group