Gain time and flexibility to secure the right property for your investment goals.
A Parking Exchange is the perfect solution for complex projects that are expected to take longer than the standard 6 months (180 days). Parking Exchanges are non-standard Reverses: the replacement property is purchased before the property to be sold, and as such, the 45-day and 180-day timelines are not triggered until exchange property is sold.
At Strategic Property Exchanges, we simplify the parking exchange process to ensure compliance with IRS guidelines while helping you achieve your investment goals.
Parking Exchange
What Is a Parking Exchange?
A Parking Exchange is the perfect solution for complex projects expected to take longer than 180 days. These are non-standard Reverse Exchanges where the replacement property is purchased first. The 45- and 180-day timelines do not begin until the relinquished property is sold.
At Strategic Property Exchanges, we simplify the process and ensure compliance with IRS guidelines while helping you achieve your investment goals.
The process works as follows:
- Property Is "Parked": A qualified intermediary holds the title to the property temporarily.
- Timeline Begins: Once the first property is transferred to the intermediary, the IRS timelines begin. You have 45 days to identify potential replacement or relinquished properties. You must complete the exchange within 180 days of the initial transfer.
- Identify the Exchange Properties: Identify replacement or relinquished properties within 45 days.
- Complete the Exchange: Finalize the transaction within 180 days to meet IRS requirements.
This strategy is ideal for scenarios that don’t fit the traditional forward or reverse exchange timelines.
Why Choose a Parking Exchange?
- Extended Flexibility: Handle delays without jeopardizing your exchange
- Seamless Transitions: Temporarily hold properties while resolving logistical or financial challenges.
- Tax Deferral: Defer capital gains taxes while navigating complex transactions.
- Strategic Planning: Gain time for improvements or development projects
"A parking exchange is the perfect solution when timing or complexities require a creative approach to your 1031 exchange."
Expert Guidance Every Step of the Way
Parking exchanges require precise handling and compliance with IRS rules. At Strategic Property Exchanges, we provide:
- Qualified Intermediary Services: Our experts manage the "parking" process to ensure proper handling of the title.
- IRS Compliance: We ensure all deadlines and requirements are met seamlessly.
- Tailored Strategies: Every parking exchange is customized to fit your specific needs.
Let us handle the details while you focus on making the best investment decisions.
Is a Parking Exchange Right for You?
A parking exchange is ideal for:
- Complex Transactions: Perfect for multi-property exchanges or transactions involving construction.
- Delayed Closings: Manage delays in financing or property availability.
- Custom Projects:
Handle unique situations, such as build-to-suit or improvement exchanges.
Create a Smooth Path to Reinvestment
At Strategic Property Exchanges, we ensure your parking exchange process is:
- Efficient: Every detail is managed with precision to meet IRS deadlines.
- Custom-Tailored: Our experts design solutions that fit your unique investment needs.
- Stress-Free:
With our team handling the complexities, you’ll have peace of mind every step of the way.
