Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 15 years ago,

User Stats

11
Posts
10
Votes
Boris Psakhis
  • Real Estate Investor
  • Troy, MI
10
Votes |
11
Posts

Need 1031 Exchange Recommendation

Boris Psakhis
  • Real Estate Investor
  • Troy, MI
Posted

Hello,

I am a new investor and I am ready to sell my first flip which turned out to be a home run (thanks to my mentor -- and informational sites like this one)! :D

I plan to use all the proceeds from the sale for the next flip or two, I think 1031 exchange would be perfect to avoid / delay the capital taxes. Can you guys recommend a 1031 company that you normally deal with?

What type of fees do you normally incur when doing a 1031 exchange? One company I looked at charged $1000 for sell side and $250 for buy side. Another one had a flat fee of $750.

If you going to use 1031 for rehab costs, would additional fees apply or would that all be considered as a single buy transaction?

Any advice and help for my first 1031 exchange would be highly appreciated!

Thank you!

Loading replies...