The Key Members of your 1031 Exchange Team
A successful 1031 Exchange involves multiple moving parts, from timing restrictions to replacement property selection. That’s why it’s crucial to have experienced professionals guiding you through the process. For California real estate investors, assembling the right 1031 Exchange team ensures that your transaction is seamless, compliant, and optimized for your long-term financial goals.
Here are the key players of a successful 1031 Exchange team:
1. Legacy Investment Real Estate: Your 1031 Exchange Investment Specialist
We help Sacramento and California investors identify high-quality replacement properties, avoid costly mistakes, and build a 1031 Exchange strategy tailored to your unique goals.
2. Qualified Intermediary (QI): The Transaction Facilitator
The IRS requires a QI to hold your sale proceeds and manage documentation. Without one, your exchange could be disqualified.
3. Tax Professional: Keeping You Compliant
A CPA or tax attorney helps you understand capital gains exposure, structure your exchange efficiently, and integrate the transaction into your broader estate or partnership strategy.
4. Real Estate Agents: Selling Your Relinquished Property
An experienced agent ensures your sale contract includes 1031 language, meets IRS timelines, and attracts qualified buyers who can close quickly.
5. Legal Counsel: Protecting Your Interests
An attorney with 1031 expertise reviews contracts and provides critical guidance in complex situations, helping you avoid costly legal pitfalls.
With the right team, your 1031 Exchange can be smooth, strategic, and tax-efficient. At Legacy Investment Real Estate, we take a holistic approach to your exchange, working collaboratively with your QI, tax advisors, realtors, and legal team to ensure every aspect of your transaction is carefully managed. Whether you’re new to 1031 Exchanges or a seasoned California investor looking for better opportunities, we’re here to guide you every step of the way.
Let’s build your 1031 Exchange team together.
Legacy Investments & Real Estate is your partner in passive real estate.
We are passionate in our pursuit to help every investor build their financial legacy by unlocking the power of passive real estate. Through custom strategies aligned to their unique goals and needs, we provide investors with the potential for all the benefits of real estate investing without the headaches of property management.
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There are material risks associated with investing in private placements, Delaware Statutory Trusts (“DSTs”) and real estate securities including the potential loss of the entire investment principal, illiquidity, tenant vacancies impacting income and revenue, general and real estate market conditions, lack of operating history, interest rate risks, competition, including the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and investors should read the PPM carefully before investing paying special attention to the risk section. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Legacy Investments & Real Estate is independent of CIS and CAM.