David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether exchange rules allow you to acquire a property that your business will occupy. Moore explains different 1031 exchange options that allow for more flexibility in your property investments and benefits for your income.

A lot of times people will create a business, build it, and do great with it, but ultimately the thing that makes them the most money is the business’s property—the property that the business actually occupies. To answer the question, yes, certainly, you can buy a property and have it acquired personally and have that property occupied by your business. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers how you can make sure that your exchange accommodator is insured. Making sure your investment is secure is key, and knowing your 1031 exchange accommodator is both qualified and covered is crucial to ensuring safe investments.

Anyone reputable in the business is going to be part of the Federation Exchange of Accommodators, which has a code of ethics. You have to have bonding and E&O. So the easiest way to find out is just check to see if they’re a member of the Federation of Exchange Accommodators (www.1031.org) and then you can ask your accommodator for a copy of their fidelity bond and whether they have E&O also. Those two things are what you want to confirm. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether 1031 exchange options allow investors to exchange for property in another state. Moore explains what is involved in cross-state property exchanges, and whether one can purchase properties abroad.

Section 1031 is a federal tax code, so it is recognized in all states, so you can exchange from state to state. We regularly are dealing with transactions from our home state of Oregon and into California, Washington, and vice versa. We do a lot of transactions on the East Coast, including New York, New Jersey, Florida, and Maryland. – Tom Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether 1031 exchange options allow investors to exchange for property in another state., answers whether you can use a 1031 exchange to exchange a single property for multiple properties.

I think this issue is probably one of the big misunderstandings in the code, and the answer is dictated by the identification rules. There are three different identification rules. Anyone who has been through a 1031 exchange probably is aware that timeline and ID rules are the biggest headache with any transaction, but each ID rule works independently of the others. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers questions about the risks involved in a delayed 1031 exchange. The best approach for an exchange is employing an expert on exchanges in order to understand all risks, requirements, and timelines involved in the process.

The biggest risk with any exchange is the time constraints. The 45-day timeline for identification of property goes by far too quickly—much faster than you ever anticipate…The primary way an accommodator can help reduce those timeline risks comes through communication by keeping the taxpayer and any agents in the loop and aware of the time constraints. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers when the time is to contact a 1031 expert. It’s imperative that investors know how they can best use 1031 exchanges, and the timelines they need to follow in order to get their best benefits.

It’s essential to contact a 1031 exchange expert before closing. If you have actual or constructive receipt of the funds, you’re going to have tax exposure. That means if you have a closing and money is escrow, you have the ability to touch the money, and you’ve got a taxable event…It’s best if we can talk as soon as you decide to sell it, because then we can evaluate how the property is owned and figure out where you want to go. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, explains 1031 exchanges. Though they’ve been around for almost a century, many investors aren’t aware of the power their various options can bring. Moore explains the exchange system and what it can do for investors.

The 1031 exchange has been in existence since the 1920s, and it allows an investor to sell a property, reinvest the proceeds in a new property, and defer all capital gain taxes. Historically, we were able to handle exchanges of personal property and real property. But tax reform eliminated our ability to handle personal property transactions (cars, boats, planes, and so forth). Today any 1031 exchange is a real property exchange, or real estate exchange. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether you can defer taxes on free and clear owned property. Moore clears up some misunderstandings on 1031 exchanges, and how their deferral of taxes is much simpler than commonly thought.

The simple answer is yes. The tax consequence of your transaction has nothing to do with debt and equity. I believe one of the biggest misunderstandings in 1031 is what the requirements of an exchange are to be totally tax deferred. I hear many people say, “Well, you have to replace debt in an exchange,” and that’s totally untrue. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether 1031 exchange options are only for large-scale investors. Moore explains the various exchange options, which many owners aren’t aware exist, which can benefit an investment portfolio and keep your money safe.

1031’s have been around since the ’20s. It’s one of the tools that is for everyday person. I mean, you don’t have to have a lot of money in exchanges. It’s very inexpensive. When we started Equity Advantage in 1991, we charged $1,000 to set it up and $500 for each addition relinquished or replacement property in a simple delayed exchange. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.

David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether a reverse exchange let you start a 1031 exchanges before selling a property. In short, you definitely can, but one needs to look at timeframes and whether or not it is the best decision.

We’re doing a lot of them in today’s market. I would probably discourage people from looking at a reverse as the first option. Use it as a fall back. And what I mean by that is go ahead, make the offer, ask for whatever time you feel you can. If you can get it done as a delayed exchange, great. If it has to be a reverse, we can always use that as a fall back. – David Moore, Equity Advantage

To learn more, visit Equity Advantage at 1031exchange.com, or visit David Moore’s YouTube channel, Equity Advantage 1031 Exchange.

If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.