Frequently Asked Questions

Within 45 days of closing on the relinquished property, the replacement properties must be identified. Within 180 days of closing on the relinquished property, the replacement property must be closed. 

• Single Family
• Multi- Family
• Commercial Office
• Retail
• Industrial
• Vacant Land
• Farm and Ranchland
• OIl & Gas Interest
• Mineral Interest
• TIC Property Interests
• Vacation Rentals (Additional Qualifications)
• Delaware Statutory Trusts (DST's)

• Inventory or stock in trade
• Stocks, Bonds or Notes
• Other Securities or Debt
• Partnership Interest
• Certificates of Trust
• Cash
• Primary Residence
• Second Home
• LLC Interest

Like-kind property is property of the same nature, character or class. Quality or grade does not matter. Most real estate will be like-kind to other real estate. 

In general, an Exchangor can identify up to three replacement properties in the 45 day identification period. There are other rules that can be consideration such as the 200% rule and the 95% rule. If you'd like additional information on those, please call and talk with our 1031 expert at 402-916-9045.