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Updated about 4 years ago,
1031 account company needed?
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX.
Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.
However, given the state change and also that we may be doing a construction exchange, I would think it is a better step to use a specialized service. Do you agree? And is it really that 'simple', if it's in the same state and a pretty straightforward exchange?
Additional question, is it better to find a company in TX or in CA to help with the process?
TIA!