Longhorn 1031
Exchanges
THE AUTHORITY IN 1031 EXCHANGES.
Latest News

What are the rules for identifying a replacement property?
The three-property rule allows you to identify up to three different properties within the first 45 days and then close on one, two or even all three of them within the remaining 135 days….

What is the same taxpayer rule?
Let’s say you have an entity by the name of Shan & Um LLC, a Texas limited liability company and it owns property that you intend on selling as a relinquished property to 1031 exchange in…..

What is debt reduction or mortgage boot in a 1031 exchange?
Let’s address a situation where the mortgage or debt on your replacement property is lower than the mortgage or debt you had on your relinquished property, what would happen then?…..

What happens if my partner is unable to sign on behalf of the entity?
Let’s address a question about when your partner is unable to sign on behalf of the entity, what happens then? Let’s say one of your partners, named T, passed away….

How long should I wait to do another 1031 Exchange?
Let’s address a very common question that arises after you purchase your replacement property, let’s say you’ve recently completed a 1031 exchange.You sold your relinquished….

Can I do a 1031 exchange on my second/vacation home?
Let’s address the question of whether you can do a 1031 exchange on your second or vacation home in Houston or Galveston, Texas or frankly