1031 EXCHANGE
“We have used this firm’s services for over 15 years and find them to be a very valuable vendor relationship for our bank. Walt Fair’s knowledge of real estate law, combined with his life-long experience in working with title insurance underwriters, ensures that we won’t have any surprises along the way when getting transactions closed for our customers. See testimonials.”
“My wife and I have been clients of the Walt Fair law firm for 30+ years we have always been treated with respect and taken care of promptly. I have always trusted Walt and his associates to document our business endeavors. I highly recommend this firm. See testimonials.”
“Great people. They made everything easy and explained everything step-by-step. See testimonials.”
“We don’t seek out vendors. We seek out strategic partners – those who strive to treat us the way that we treat our customers. Walt Fair and his entire crew are the best partners. They work alongside us to help meet our customers’ needs. They are always willing to work smarter, longer and harder to accomplish the impossible. And, they serve as a great resource to all of our lending staff. See testimonials.”
“Walt Fair's title office is the best in town! They go above and beyond to make sure the closing process goes as smoothly as possible. Their customer service is wonderful and they are great at communicating every step of the way. There is no problem they cannot tackle and Walt is extremely knowledgeable! See testimonials.”
“I’ve worked with Walt and his staff for 15 years and have always received prompt and professional service. Whether it’s working through a title issue, preparing loan documents or getting Walt’s professional opinion about a complex real estate transaction, Walt is my “go to”. See testimonials.”
“As a real estate investor, there are few things in my process as important as a solid team at my title company. Walt has the perfect balance in his office of detail-oriented escrow officers, solid communicating escrow assistants, and, when you need it, the legal expertise to get the hard deals done. See testimonials.”
Effective Legal Solutions.
Trusted Title Expertise.
TRUSTED, EXPERT SERVICE FOR YOUR 1031 EXCHANGE
Walt Fair, PLLC and its affiliate, Central Escrow Services, in its role as Qualified Intermediary, provide the experience, expertise, and security that are important in IRC Section 1031 exchange transactions.
Tax deferred exchanges have been a part of the tax code since 1921 and are one of the last significant tax advantages remaining for real estate investors. Exchanges empower investors to sell real estate without incurring a capital gains tax liability, thereby allowing the earning power of the deferred taxes to work for the benefit of the investor instead of the government. In essence, it can be considered an interest-free loan from the IRS.
The IRS allows up to 180 days between the sale of the relinquished property and the purchase of the replacement property. Within the 180 day “exchange period,” the investor must also properly identify suitable replacement properties no more than 45 days after closing on the sale of the relinquished property.
There are a number of requirements which must be met to qualify for tax deferral under the tax code. It is essential that the transactions be handled by knowledgeable professionals and that all of the “front end” sales proceeds are held in escrow by a “qualified intermediary” pending identification and purchase of replacement property.
Partner with our team today and gain from our experience. Let us help facilitate your 1031 exchange today. Connect with our legal team online or over the phone at (254) 772-6400.
REPRESENTATIVE INSTITUTIONAL CLIENTS
