It is often difficult in the short 45-day time frame to locate a replacement property that has the right purchase price, debt ratio, and closing schedule to meet the Section 1031 Exchange requirements, and still have enough time to arrange the necessary financing.
Missing your 45-day identification and 180-day exchange deadlines will disqualify the entire exchange. Reputable qualified intermediaries will not act on back-dated or late identifications. It is paramount that you not miss your deadlines, by even a day.
If you’re worried you may not be able to complete your exchange up leg in time, a Fractional Ownership Real Estate (FORE) investment opportunity may be an ideal “safety net”. A FORE has a number of advantages over single property ownership investments, such as:
☑ Flexible investment size to match your needs
☑ Pre-arranged financing
☑ No management hassles
☑ Potential for increased after-tax cash flow
☑ Economies of scale
☑ May be quickly identified and closed in a timely manner
However, a FORE investment doesn't come without risks. To learn more, please click here.
Let Courtlandt1031 help create your personal 1031 safety net. Our 1031 Exchange Experts are veterans in the FORE industry. With more transactions under their belts than most investment sponsors, they are able to offer unmatched experience and expertise.
To obtain your 1031 Safety Net, either call us at (800) 994-7094 or complete our Free Consultation Request Form. A Courtlandt1031 Exchange Expert will be available to help you immediately.
Your 1031 Safety Net will typically include two to three suitable replacement FORE investments that are organized as either a tenant-in-common (TIC) or Delaware Statutory Trust (DST). You’ll also know your exact deadline to participate in any of these FOREs, so you’ll know whether to continue with your current plan of action or execute your safety net.
There is no cost or obligation in working with Courtlandt1031 on creating your personal 1031 Safety Net. Not having a safety net, however, may cost you thousands of dollars. Don’t delay in contacting Courtlandt1031 today!