Today, we’re going to walk you through a standard 1031 exchange step-by-step at Midland. Although this is a fictional example, Midland has been completing similar transactions for the past 25 years. Our exchange specialists have over 50 years of combined experience and want to help you get started.  ..read more

A 1031 exchange is a powerful tax deferral strategy that allows real estate investors to defer capital gains tax when selling one property and acquiring a like-kind replacement property.  ..read more

You’ve decided you want to do a 1031 exchange to defer capital gains on the sale of your property. But, you found your replacement property before selling your relinquished property. If you buy the replacement property first in your name before you sell it will not qualify for a 1031 exchange.  ..read more

What is Net Selling Price? Net Selling Price (NSP) is the contract sale price of a property minus some of the standard closing costs. In a 1031 exchange, you must buy property equal to or greater than the NSP of the relinquished property. Doing this defers all capital gains. If an investor does not buy a replacement property of enough value, they incur a tax liability ..read more