Virginia 1031 Exchange Requirements

Virginia 1031 Exchange Requirement

Four requirements for all virginia 1031 exchanges and virginia tic exchanges:

  • One hundred percent of the value of the relinquished virginia property must be reinvested in the like kind virginia property or virginia properties at the time of the exchange.

  • The amount of equity held in the relinquished virginia property must be less than the amount of equity held in the new, replacement virginia property or virginia properties.

  • Third Virginia 1031 Exchange Requirement: exchangers must use a Qualified Intermediary in order to hold all proceeds and maintain the integrity of the exchange. It is worthy to note that this person is NOT allowed to give any legal or investment advice during the transaction.

  • Fourth Virginia 1031 Exchange Requirement: exchanged virginia properties must be like kind virginia properties, as defined by the IRS. Any Like-Kind virginia property is one which is held for productive use in a trade or business or held for investment purposes.

    So many virginia 1031 exchanges into virginia tic ownership are so successful because they are facilitated by a virginia 1031 broker. Contact us today to complete your virginia 1031 exchange.



  • Access to TIC properties Nationwide!
    FREE!


    Name
    (First Last)*
    Email *
    Phone *
    My role*
    Status*
    Equity*
    Tell us about your situation
      
    * Indicates that these fields are required and must be filled in.
    your privacy assured