1031 Exchange Myth #15 - You Must Purchase a Replacement Property with 18 Months.
1031 Exchanges are an excellent strategy for creating generational wealth.
But this myth is busted because the time frame for purchasing a replacement property is 180 days after selling the relinquished property - not 18 months.
Another key timeline requirement is that you must identify up to three replacement properties within 45 days of selling your relinquished property.
The timelines for 1031 exchanges may seem challenging in some cases, but with simple planning, you can easily defer taxes and increase your ROI on your next real estate investment.
Our free guide to 1031 Exchanges will help you and your clients understand the benefits of 1031 Exchanges and the timelines required. Get your Free Guide to 1031 Exchanges at www.affiliated1031.com.