1031 Facilitators, Inc. will assist you with three types of
improvement. The above links
briefly explain each type of exchange.
If you need
help with an exchange, please call us at 956-546-1031, or
LIKE KIND PROPERTY USED FOR BUSINESS OR HELD
To achieve your tax deferral, you must
reinvest in like kind property. Any property considered real
estate under the laws of your state will be like kind to any
other real estate. In Texas, an exchange of a condominium for
water rights or an exchange of an oil well for an interest in a
long-term lease would both meet the like kind requirement.
Additionally, both the old and new
properties must be used for business or investment purposes.
This means that your principal residence cannot be used in an
exchange nor can you acquire property that you intend to resell