How long can I take to buy a new property?

You have 180 days between the closing date on the sold property and the closing date on the purchased property.

Q: How Can I Qualify To Defer My Taxes When I Sell My Property?
A: Any investor can qualify! Section 1031 of the IRS code lets you sell your property and buy a new property and deferring the payment of taxes owed. You simply … More
Q: What Is A Qualified Intermediary?
A: The IRS says if you touch the money you pay the tax. However, if you use a qualified intermediary to transfer the money from the sold property into the purchased … More