A guide to 1031 Exchanges in Hawaii.
Effectively utilizing the method of exchange, identifying the replacement property and timeline is critical in this process.
All exchanges are subject to strict timelines. The investor has 45 days to identify the “like-kind” property of equal or greater value after closing the sale of the relinquished property. Then the investor has 180 days from the date of the original sale to close on the purchase of the new investment property.
When utilizing a 1031 exchange the Seller must agree to being a part of the 1031 Exchange at no liability or cost to them.There are 4 methods of utilizing a 1031 exchange. Contact us to assist helping you identify great potential properties here in Hawaii.