Simultaneous Exchange

A Simultaneous 1031 Exchange occurs when the closing of the relinquished property and the replacement property occur on the same day. There is no period between the closings, which makes this one of the less versatile routes of exchange. However, a Simultaneous Exchange can easily be converted into a Delayed Exchange should the need arise. Due to the stricter nature of this exchange, a qualified intermediary maybe employed to safeguard and ensure everything occurs legally and efficiently.

Why Choose a Simultaneous Exchange?

Known as the oldest and most traditional form of 1031 Exchange, Simultaneous Exchange can provide you with numerous benefits. Some advantages of this method of exchange include:

• Quick and efficient. When done correctly, this type of transaction can save you time and effort, especially when you work with an expert intermediary.
• Limited complications. While there are some concerns about this type of exchange, it is relatively minimal in complexity.
• Less stress. Rather than waiting weeks or months to acquire your replacement property, the transaction will take significantly less time—as little as a day. This cuts down on the stress of closing property and allows you to focus on your investment.

Get Started on Your Simultaneous Exchange Today

When you’re hoping to begin a Simultaneous Exchange, it’s critical to have a trusted qualified intermediary to help you through the process. The staff at 1031Xchange, LLC is ready to help and can answer any questions you may have. To get started today, contact our office by phone at (866) 724-1031.