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What are the Key Steps in a 1031 Exchange?

  • Step 1: Identify a qualified intermediary
  • Step 2: List the property for sale once a qualified intermediary has been chosen.
  • Step 3: At the closing, the cash proceeds of the sale are remitted to the qualified intermediary.
  • Step 4: The investor/owner works with FSXchange to identify potential replacement properties, including DSTs.
  • Step 5: The investor acquires a beneficial interest in either a DST or a specific whole property with the assistance of FSXchange. Intermediary wires funds to acquire replacement property.

  • How to Defer Taxes in a 1031

General Rules of 1031 Exchange

  • Purchase equal or greater in value
  • Reinvest all of the equity in replacement property
  • Obtain equal or greater debt on replacement property