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Strategic Property
Exchanges, LLC
11353 Reed Hartman Hwy.
Suite 300
Cincinnati, OH 45241
Toll Free: (800) 427-7212
Phone: (513) 412-3481
Fax: (513) 412-3482
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We, at Strategic Property Exchanges, understand that 1031 Exchanges can be very complex and confusing to property owners. We believe that it is not acceptable for an Intermediary to hand out a booklet with examples and rules in order for their customers to try to figure out complex tax rules and requirements on their own. That is why we provide the highest level of individualized and personalized service in the industry. From start to finish we provide the most complete service guarantee in the industry, backed up by our federal tax opinion which provides that your 1031 exchange is in full compliance with applicable federal tax laws. Period. The following represents a short description of different types of exchanges that we perform for our clients. Before entering into a sale or purchase of business or investment property, allow us to guide you through the complex rules and requirements of a Section 1031 exchange. With Strategic Property Exchanges, your next 1031 exchange will be Safe, Secure and Assured, Guaranteed! Simultaneous Swap. This type of Exchange involves the exchange of business or investment properties which are of approximate equal value and are exchanged at the same time. This type of exchange is rare.
Delayed Exchange. A Delayed Exchange, also referred to as a Forward Exchange, involves the sale of one or more pieces of property, the proceeds of which are held by a Qualified Intermediary, and the Seller identifies one or more replacement property (ies) within 45 days and completes the purchase of the replacement property (ies) within 180 days after the initial sale.
Reverse Exchange. A Reverse Exchange involves the initial purchase of one or more replacement property (ies), held in the name of the Qualified Intermediary, for the benefit of the customer, followed by the identification of the property (ies) to be sold within 45 days and the sale of one or more properties within 180 days.
Improvement Exchange. An Improvement Exchange involves the use of the funds in the account balance to construct improvements on the property to be acquired. The property must be held in the name of the Intermediary until the improvements are completed and must be properly identified within the 45 day period.
Build to Suit Exchange. A Build to Suit Exchange involves the acquisition and construction of property within the applicable 180 day period.
Personal Property Exchange. A Personal Property Exchange involves the sale and purchase of business property in a manner similar to the discussion above. However, a Personal Property Exchange differs in that the number and type of properties that may be exchanged. While it is commonly known that real estate may be exchanged, it is not as well known that business property, including, but not limited to, trucks, cars, planes, trains, buses, computers, equipment, franchises, intangibles, artwork, collectibles and the like can be exchanged as well.
Multi Asset Exchange. Similar to personal property exchanges above, Multi Asset Exchanges may involve the sale of a business or business location, such as the disposition of a restaurant.
Property Owned by Foreign National. Foreign Nationals that own property in the United States must comply with additional rules on withholding of tax at the source. Allow us to guide you through the complex rules while avoiding the collection of taxes upon sale by planning in advance.
Property Owned Overseas. Property owned overseas by US taxpayers maybe exchanged for similar property located overseas. This involves complying with complex rules overseas for the ownership of foreign property by US taxpayers. Allow us to guide you through the process.
Partnerships. This is a very complex and misunderstood transaction. Many advisors erroneously believe that Partnership interests may be exchanged. This is prohibited by federal tax law. Further, this can not be done by simply transferring the property right before the sale. This type of transaction involves a complex partnership tax provisions. Rely on our tax attorneys to guide you through this challenging transaction.
Parking Arrangement. A parking arrangement is a term used to denote those arrangements that are used when it is not possible to carry out the transaction within the typical 180 day period, such as a major construction project, or unique properties. This type of transaction is by its very nature, much more complex and deals in those situations when the amount of taxable gain may be very large.
Tenant in Common Exchanges. A Tenant in Common Exchange is a certain percentage interest in a much larger real estate development. These properties are professionally managed and permit the new owner to receive monthly income without the aggravation or hassle of actively managing their properties. Typically the entry level for investments in these project is 200,000 or more of equity.
Vacation or Personal Use Property. While federal tax law has permitted the conversion of business use property to personal use for many years, recent changes may permit some or all of the gain on its later sale to be tax free to the Owner. Allow us to help you plan to exclude the largest amount permitted under federal tax law and boost your retirement savings in the process.
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