Is there an easy way to ask a few questions and see if my transactions qualifies for deferred gain treatment?

Absolutely, investment 5-10 minutes on a Zoom video confernece at your convenience. One of our experts can answer all your questions and ensure that you are getting started on the right foot. Click here to schedule a meeting at the time of your choice.

What's the big deal with personal and transactional data security?

Unfortunately, we all live in a dangerous digital world where some of our most precious personal data or transactional logistics can be hacked and compromised. We were recently reminded of how critical this is when the two largest title company owned Intermediaries were hit with a ransomware attack and shut down for short periods. Bottom line, the 1031 exchange industry is largely unregulated. It is up to you to ensure that your Qualified Intermediary treats both your data as well as your exchange proceeds properly.

How safe will my exchange proceeds be while on deposit with Newmark and Institutional 1031?

We go into detail elsewhere about our commitment to the safety of your hard-earned 1031 proceeds and the three things we do which will ensure the safety of your deposit. But here they are in brief: One, we will set up your exchange trust account in your name and with your tax identification number. In addition, within our Exchanger Portal you'll have complete 24/7 visibility into yout trust account and all the activity of your ins and outs. And lastly, you as the Exchanger will be required to provide written authorization for any transfer out of your trust account. Also, if you'd prefer to pay extra for a Qualified Escrow Account where a bank officer approves any transfer as well as you, our bank can provide that service for an addititonal $500.

If I need to buy before I sell, can that be done?

It can through what is known as a reverse exchange. However, because the IRS will not allow you to exchange into property you already own, you'll never be able to buy the replacement proeprty, then sell your old relinquished property and call it a backwards exchange. The IRS has however, set forth a Revenue Procedure (2000-37) that stipulates the correct processs to accomplish a successful reverse exchange. They can be extremely effective, depending upon your circumstances. But, make sure you understand that they are more complicated, and therefore much more expensive than a regular forward exchange.

I've heard that you can use a 1031 exchange to actually build a brand new replacement property. Is that true?

Yes, you may improve a replacement property with what is known as an improvement exchange, or you can build an entirely new replacement property with a construction exchange. In fact, there are provisions where certain construction exchanges can be set up to exceed the typical 180 day window and possiblly extend out to two years.

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