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originalbestyears

Has anyone done a 1031 exchange?

Bestyears
8 years ago

We are considering doing this, primarily to defer the significant capital gains tax on rental property we own in California. We live in Texas now, and are thinking about selling the Calif. property and 'exchanging' it for rental properties in Texas. We'd like to begin talks with a 1031 exchange specialist just to get a bit more familiar with the process and have some basic questions answered. Should we try to find and meet with someone here in Texas, or should we just work with a 1031 specialist/realtor in California? Also, for those of you who have been down this road, any words of wisdom? As always, TIA!

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