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Starker 1031 Exchange Requirements

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Starker 1031 Exchange Requirement

There are four distinct requirements applicable to all starker 1031 exchanges :

  • In order to qualify as a starker 1031 exchange, 100% of the monies earned through the sale of any rental real estate must be reinvested in the replacement rental real estate.

  • Also, the amount of equity held in any like kind rental real estate for reinvestment must be greater than or equal to that of the relinquished rental real estate.

  • Third Starker 1031 Exchange Requirement: By law, you must use an independent third party, called a Qualified Intermediary, to hold the proceeds of the sale. The Qualified Intermediary also will prepare the legal documents required to link together, as a qualified exchange, the sale of the old rental real estate and the purchase of the new rental real estate.

  • Fourth Starker 1031 Exchange Requirement: exchanged rental real estate must be like kind. For a rental real estate exchange this means real-rental real estate for real-rental real estate, but not necessarily land for land or a rental house for another rental house.

    It is often difficult in the short 45-day time frame to locate a rental real estate that has the right purchase price, debt ratio, and closing schedule to meet the Starker 1031 Exchange Requirements-and then arrange any financing that may be necessary. Because there is a steady supply of tenants in common rental real estate available they are an ideal solution for exchangers seeking management free starker 1031 real estate with steady income.




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