Wyoming FIRST Exchange, Inc.
A 1031 COMPANY
The 6 most important things you need to know
(about 1031 exchanges)
Although 1031 Exchanges are complicated and exacting, there are 6 things that are important for you to understand about them:
- Both your old property and your new property must
qualify as 1031 property.
- You have 45 days to prepare a list of
properties you want to buy.
- You have 180 days to close on the purchase
of one of the properties on your 45-day list.
- You may NOT touch the money. Typically, the money
is held by a Qualified Intermediary.
- The holder of title to both your old property
and your new property have to be the same.
- In general, you must equalize the debt on your
old and new property.
Choose Wyoming FIRST Exchange, Inc.
As Your 1031 Qualified Intermediary.
For more information
Contact Renee' Larson
511 West 19th Street • Cheyenne, WY 82001
307-635-1181 • 307-632-4603 FAX
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