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Robert Olson Real Estate is your premier destination for quality real estate broker services and expert assistance in 1031 exchanges nationwide. We specialize in facilitating seamless 1031 Tax Deferred Exchanges, offering unparalleled guidance, expertise, and security.
Our Expertise
As the largest Qualified Intermediary in the nation, Robert Olson Real Estate is committed to providing you with the highest level of service and support throughout your 1031 Exchange journey. We have dedicated 1031 Exchange divisions staffed with highly specialized experts who are well-versed in the nuances of tax-deferred exchanges.
Exchange Planning
Embarking on a successful 1031 Exchange transaction requires careful planning, expert guidance, and support. Robert Olson Real Estate is here to help you lay the groundwork effectively, ensuring a smooth and obstacle-free exchange process. Our team will work closely with you to identify your goals, assess your options, and create a strategic plan tailored to your needs.
Delayed Exchange
The Delayed/Forward Exchange is the most common type of 1031 Exchange, allowing taxpayers to sell investment property and subsequently replace it, tax-deferred, with new investment property. This strategy provides numerous advantages, such as deferring taxes on capital gains, increasing purchasing power, and improving cash flow.
Reverse 1031 Exchange
A Reverse Exchange is the solution for those looking to secure their ideal Replacement Property before selling their existing Relinquished Property. This approach offers you the flexibility and control to seize investment opportunities on your terms, while still benefiting from the tax-deferred advantages of a 1031 Exchange.
The Benefits of a 1031 Exchange
There are compelling reasons to consider structuring your investment transactions as 1031 Exchanges:
Tax Deferral:
Defer taxes on capital gains, potentially saving up to 35-40% of your gain.
Greater Purchasing Power:
Reinvest the full sales proceeds into a new property, increasing your investment potential.
Improved Cash Flow:
Acquire properties with higher income potential to boost your cash flow.
Diversify Your Portfolio:
Expand and diversify your real estate holdings to reduce risk.
Property Type Flexibility:
Swap properties to meet changing investment objectives.
Wealth Accumulation:
Build and preserve wealth through strategic reinvestment.
Asset Preservation:
Safeguard your assets and wealth for the long term.
National Expansion:
Access new real estate markets across the country.
Portfolio Consolidation:
Streamline your real estate holdings for efficiency.
Estate Planning:
Plan for the future and provide for your heirs through tax-efficient strategies.
Robust Financial Safeguards
At Robert Olson Real Estate, we focus exclusively on Tax Deferred Exchanges. We understand the significance of your investment and have implemented the following safeguards.
Fidelity Bond:
In the unlikely event of a company failure, our bond ensures that your financial obligations are met, safeguarding your investment.
Written Performance Guaranty:
We guarantee the return of your exchange funds in the amount of your deposit, providing you with peace of mind.
Errors & Omissions Insurance:
Protecting against employee negligence, this insurance ensures you won't suffer a loss due to unforeseen errors or omissions.
Serving Diverse Industries
Robert Olson Real Estate proudly serves a wide range of industries, including:
Commercial
Industrial
Rental & Vacation Homes
Agriculture
Mixed Use
Retail
Office
Hotels & Hospitality
Multifamily
Frequently Asked Questions
1. Is a Qualified Intermediary (QI) necessary for a 1031 Exchange?
Yes, a Qualified Intermediary, also known as an Accommodator or QI, is essential in nearly every 1031 transaction to prevent the sale of the Relinquished Property from becoming taxable. Additionally, the Exchanger must establish written agreements with the QI before selling the Relinquished Property.
2. What qualifies as Like-Kind Property? Can I exchange my rental house for a 4plex or a vacant lot for an office building?
Absolutely, you can exchange any type of business or investment real estate, regardless of location within the United States. The term "like-kind" does not mandate swapping identical property types. In an IRC §1031 transaction, you have the flexibility to exchange real property for virtually any other real property in the United States, provided that the property serves a productive purpose in a trade, business, or investment. This means you can transition from a rental house to apartments, commercial, industrial, mini storage, vacant land, agricultural properties, and more.
3. Can I request an extension for the 45-day identification period in my 1031 Exchange?
No, unless you qualify for an extension due to a federally declared disaster, the IRS does not offer any provisions for extensions or exceptions, even if the deadline falls on a weekend or holiday. To secure more time, it is advisable to begin searching for your Replacement Property well in advance of the sale property's closing or to negotiate an extension of the sale property's closing date.
4. Am I obligated to purchase properties from the list I've identified in my 1031 Exchange?
Yes, you are. While you have a 45-day window during which you can modify your identified properties, once this identification period expires, you are bound to purchase from the list you've previously submitted. There are no allowances for substitutions or alterations after day 45. The regulations governing section 1031 are stringent in this regard.
5. Can I use funds from my 1031 Exchange to enhance the new Replacement Property after acquisition?
No, the day you assume ownership of the property marks the conclusion of the exchange for that property. Any remaining cash becomes taxable "boot." However, an alternative is a Build-to-Suit or Improvement Exchange, wherein the intermediary takes title to the property and oversees the improvements before you assume ownership. It's worth noting that this is a more complex and costly transaction.
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