Library
Resources & FAQ
Longer-form guides and direct answers to the questions owners ask most. Educational only — nothing here is tax, legal or investment advice.
1031 Basics
What Rental Property Owners Should Know Before Considering a 1031 Exchange
An exchange is a transaction structure, not a strategy. Here's what to understand about your own property before the word 1031 ever comes up.
Understanding the 45-Day Identification Period
Forty-five days sounds generous until the clock starts. Here's why identification work should begin long before closing.
What Does 'Like Kind' Really Mean in a Real Estate Exchange?
Like-kind refers to the nature and character of real property, not to matching property types.
Why Your Qualified Intermediary Should Be Involved Before Closing
The most expensive mistake in an exchange is a timing mistake, and it usually happens in escrow.
Rental Property Analysis
Cash Flow vs. Return on Equity: What's the Difference?
A property can produce positive cash flow every month and still generate a modest return on the equity sitting inside it.
Replacement Strategies
DST vs. NNN vs. Traditional Rental Property
Three very different ownership experiences, three very different risk profiles. An educational comparison, not a recommendation.
Tax Planning Questions
Selling a Long-Held California Rental: Questions to Ask Before You Decide
Decades of ownership create both opportunity and complexity. These are the questions worth answering first.
What Happens to Depreciation in a 1031 Exchange?
Exchanging does not simply hand you a brand-new depreciable basis. Here's the honest version.
When a Former Primary Residence May Require Both 121 and 1031 Planning
The two-out-of-five-year rule is where this conversation starts, not where it ends.
Legacy & Estate Conversations
Should You Keep the Rental, Sell It, or Reposition It?
A neutral framework for the decision, including the case for doing nothing at all.
FAQ
Frequently asked questions
Section 1031 of the Internal Revenue Code can allow an owner who sells qualifying real property held for business or investment use to acquire qualifying like-kind replacement real property and defer recognition of qualifying gain. It's a structured transaction with strict rules, deadlines and a qualified intermediary — not something you decide on at the closing table.