Forward Exchanges Services
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Jasir Jamal
President/CEO
Longhorn 1031 Exchanges
What does the process of a forward 1031 exchange look like?
Forward 1031 Exchanges: You have a property that you would like to sell and not pay any gains taxes, you would contact us before closing on the relinquished property and get us connected to the title company, we will communicate with the title company to obtain whatever information we need to get you started. After you close on your relinquished property, we will hold all your proceeds in a qualified escrow account and you will have 45 days starting from the day you close on the relinquished property to identify up to three replacement properties that you intend on purchasing. After the identification, you will have 135 days to close on your replacement property for the exchange to be successful.
Anil Ali
Of-Counsel Longhorn 1031 Exchanges