June 2019

Beautiful North Las Vegas one-story home with that magic and highly desirable four bedrooms. A large family home with the convenience of a one-story. Great neighborhood with good schools near the home. There is even a majestic mountain view from the desert landscaped front yard. Amazing floorplan opens to a large great room with vaulted ceilings and a cozy fireplace inset in custom stone entertainment center. This area also extends into a large dining room making the setup great for family gatherings. The kitchen has lots of cabinets and counter space along with a nice pantry for extra storage as well as an inset nook with window surround. For casual outdoor dining or just enjoying the weather, there is a pleasant east facing covered patio. All of

Let’s walk through the step by step process for carrying out a 1031 exchange. Be aware that the following is just a general outline, so specific deals will likely vary slightly from this process.

The 10-Step Process to Perform a 1031 Exchange

1. Decide to sell and do a 1031 exchange.
Not every purchase is worth doing a 1031 exchange. After all, with all the requirements, costs, and countdown timers, simply paying the tax and moving on may be advantageous. That is definitely a discussion for you to have with your accountant.

2. List your property for sale.
You then list your property for sale, as you ordinarily would. Your agent will likely include language in the listing paperwork regarding your desire to do a 1031 exchange and the buyer’s