Pivot’s experienced Team Is Committed to Your Successful 1031 Exchange
First, by answering a few easy questions regarding your exchange, we’ll determine if you qualify for an exchange using 1031 DST/TIC properties.
Once your account is created, login anytime through our safe and secure online platform to peruse our inventory of 1031 investments with the use of our robust library of nationally reputed sponsors.
To ensure success in facilitating 1031 exchanges, we believe you should partner with an experienced team with decades of experience in the industry. Because education and personalized service matter, we commit to providing each client exceptional care to facilitate the entire exchange process.
At Pivot Professional Partners, we specialize in 1031 TIC (Tenants in Common Investments) and 1031 (Delaware Statutory Trust) exchange advisory services. We aim to work closely with clients and find solutions that help them defer capital gains taxes while meeting their investment objectives. With us in your corner, you can rest easy knowing that you are taking appropriate steps in the right direction with your property exchange deal.
Rental properties, second houses, multiple properties, and office building properties are all eligible for the 1031 exchange, while personal dwellings are not. In addition to these guidelines, the owner of the investment property must meet four 1031 exchange conditions to qualify for a tax benefit:
Sellers can defer paying capital gains tax if they reinvest the sale profits in "like-kind" property, defined as a piece of real estate with a comparable use and value. You won't have any capital gains if you do not receive exchange funds from the sold property transaction, meaning the transaction does not yield any financial profit; this is the concept underlying a 1031 exchange. The steps to making it a reality are outlined here:
The first thing to do is to determine which property you'll sell and identify replacement property options. To be considered "like-kind property," the assets to be exchanged must be for investment purposes just like your prior holdings. This is what will qualify for like-kind in the eyes of the IRS.
Once you've decided to go through with a 1031 exchange, you'll need to engage a competent intermediary. There are many to choose from and one question you always want to ask the potential QI is are they bonded and up to what dollar amount. Choose your certified intermediary prudently to avoid financial losses, missed deadlines, and front-loading of tax obligations.
Finally, you must also include IRS Form 8824 in your tax return to inform the IRS of your transaction. On it, you will detail the properties, mention the timeframe, identify the parties involved, and tally the costs. The real estate asset you sell and the replacement property must fulfill certain conditions. As mentioned, you will need a Qualified Intermediary, to handle the 1031 exchange modalities.
Real estate investors can benefit from a 1031 exchange in many ways, including the ability to defer capital gains tax liabilities while expanding their portfolio and purchasing other investment properties. As a full-service 1031 Exchange advisor, Pivot Professional Partners has a proven track record of success in providing guidance through exchange services.
Our strategic property exchange processes help protect our client's interests while offering them a seamless experience during their property exchange deal. We provide customized real estate asset investment advice on combining traditional wealth management and ownership, helping property owners achieve their financial objectives.
We study the real estate syndication market, complete due diligence on the offerings, and advise clients depending on their objectives and level of comfort with risk. Our 1031 Advisors are 1031 exchange experts that can assist you in diversifying your holdings with 1031 Exchange Replacement Property and other alternative real estate investments.
Successfully navigating the 1031 Exchange process can be complicated. You need to find 1031 exchange experts who can provide you with the right advice and support. We are one of the few integrated 1031 Exchange advisory companies that will walk you through all the essential elements of the process and help you achieve your goals.
Our team of highly knowledgeable licensed 1031 Exchange Advisors will work with you to decide whether a 1031 Exchange is the best option for you. They will then carefully help you select the replacement properties that best suit your needs in terms of both requirements and finances.
Is a 1031 Exchange the right choice? Find out by scheduling a consultation with the Pivot Professional Partners’ team through this Contact Us form. If you prefer to discuss your exchange transaction requirements regarding the 1031 Exchange process over the phone, feel free to speak with our experts at (561) 444-3371.
With almost two decades of experience in the financial industry, Jon Paul enjoys helping others obtain and maintain financial confidence. As CEO and Co-Founder of Pivot Professional Partners, he enjoys...
Katie is a licensed registered representative with Pivot Professional Partners. She graduated from St. Thomas University in 2018 with a bachelor’s degree in business management.
Director of Operations
With over 17 years of professional experience, Nicole offers insight to guide management decisions, shape new strategies, inform potential changes, improve operations and identify ineffective processes and procedures for the Pivot team...