All Forum Posts by: Natalie Carroll

I recently completed my 2nd 1031 exchange with them and couldn't be more satisfied. Prompt, great communication, efficient ... and most importantly they are 100% legit 😉

I just came to say that I used them recently.  They were professional, prompt and great to work with.  Our exchange didn't work out and they returned the proceeds via wire as soon as our 180 days were up.

Hi All,  

  My husband's mother gifted him two vacant building lots earlier this year (March 2024).  We would like to sell them and use a 1031 exchange to purchase a larger tract of land that we expect to close on before the end of the year.    I understand that the IRS requires the properties be for investment, but since they were gifted, I'm not sure what they would look at to determine.   Obviously we haven't held for even a full year, but an exchange intermediary told me there is no bright line test for holding.    

  Anyone have experience or advice?  

Thanks,

Natalie