Torelli Properties Group  |  COMPASS (806) 678-0650  ·  Jessica.harrison@compass.com
JESSICA HARRISONCommercial Real Estate Broker · TACS

1031 exchange buyers

1031 Replacement Properties, Found Before the Clock Runs Out

You have 45 days after your sale closes to identify replacement property and 180 days to close. That's not much time to find a NNN deal you'd actually want to own for ten years. I start the search before your sale closes, so you identify from a short list of underwritten options instead of whatever is left.

What you get

A short list you can identify with confidence

  • A search that starts the day your property goes under contract
  • Three to five underwritten NNN candidates sized to your exchange proceeds and debt replacement
  • Backup options, so one failed deal doesn't sink the exchange
  • Coordination with your qualified intermediary and lender on every deadline

I don't give tax or legal advice. Work with your CPA and qualified intermediary on exchange rules.

The timeline

  1. Day 0 — your sale closes. Proceeds go to your qualified intermediary.
  2. By day 45 — identify. Name your replacement properties in writing.
  3. By day 180 — close. Acquire the replacement property.
How I underwrite NNN deals

Next step

Selling soon? Start the replacement search now.

The best time to start looking is before your sale closes. Send me your expected proceeds and target cap rate.

Start My 1031 Search