Content on this page requires a newer version of Adobe Flash Player.1031 Exchange Experts is the leader of companies with information on the rules, requirements and guidelines of investment real estate, which are 1031 properties by definition.Nationwide, Toll-Free:866-694-0204Anytime, day or night, 24/7, even weekends!Popular1031 Links:Subscribeto TEE-Shots6Rules you need to know about safe exchanges...WhoWe AreFind1031 propertiesWhyUse 1031 Experts, LLC?Replacement1031 properties for saleKnowledgeProducts:1031Access: see your funds, online, 24/7.1031ButtonArticlesBook: "Exchanging Up!"Brochureson the GuidelinesDVDseriesExpert1031 BlogPDFInformationTaxPakAsk1031 Experts 1031 questions....Paul: Inlaws need to sell farm land in Iowa and would like to buy a residence in Colorado. They intend to rent out the residence in Colorado until they move out here. Can they move in after it has been rented for at least a year?1031 Phil: They can, however, there is a Rev. Proc. that would guarantee the success of the exchange if they waited two years to move into the property.Helen: I sold for 200,000 & Owed nothing; basis was 10,000. New property was 550,000 and I borrowed 500,000. At closing, I received $150,000 which I then used to build out the interior. Do I have taxable income?1031 Gary: My first answer is to always consult with your financial or tax advisor.  Having said that, based on what you've ...read more.Roger: If I own property in an S corp and do a 1031 exchange can I go into the new property with ownership in the individuals name rather than the S corp name.1031 Phil: Roger - The IRS says that the "taxpayer" must remain the same during the exchange..so if you sell as an S-Corp the S-Corp must buy also.Don't trust your 1031 investment with anyone who isn't an Expert.Bare Bones Basics of a 1031 exchange08/20/2013TheBasics of a 1031 Exchange...by Gary Gorman Founder, Managing Partner, 1031 Exchange Experts, LLC1031exchanges, at least as we know them today, have been aroundsince 1991. Most people in the real estate industry have heardof them and seem to have a grasp of how they work and what therequirements are. Occasionally we get calls from someone who hasnot heard of a 1031 exchange, or has no clue what the rules are.So now would be a good time to do a refresher course, if you will,on the basic rules of an exchange.Rule #1 – Both the Old Propertyand the New Property must be held for investment or used ina trade or business. Many people think that if yousold a purple duplex, you must buy a purple duplex. This isnot the case – you can buy any other kind of investmentreal estate: you could buy an apartment building, an officebuilding, a warehouse or bare land.Rule #2 – 45-day identificationrequirement. From the day you close the sale of your OldProperty, you have 45 days to complete a list of properties youmight want to buy. Typically this list will have three propertiesor less, because you can list up to th