Navigating through the 1031 exchange can be a perplexing process, especially for real estate investors who are unfamiliar with its intricacies. If you’re in need of guidance, RVPII Consulting in Westchester County is here to help. Our team of financial consultants is experienced in providing comprehensive financial planning services to real estate investors, including expert guidance on the 1031 Exchange.
From identifying qualified intermediaries to locating Westchester County 1031 exchange properties for sale, we are committed to helping you achieve your unique financial goals and objectives. At RVPII Consulting, we hold ourselves to the highest standards of honesty and integrity, and we strive to build personal relationships with our clients based on transparency and accountability. Let us help you walk through the process of the 1031 Exchange and secure your financial future.
Our team of financial consultants is committed to acting with honesty and integrity every step of the way. We pledge to forge personal relationships with our clients based on transparency and accountability. From discovery to strategy to implementation, we work closely together with you to make your financial goals a reality.
At RVPII Consulting, we specialize in providing financial planning services for real estate investors. Our professional 1031 exchange consultants can help build comprehensive plans for real estate investors from the ground up. We start by establishing your goals and developing a business plan, then we create and execute a customized strategy to guide you to success.
RVPII Consulting recognizes that the role of a qualified intermediary is essential for a successful 1031 exchange. A qualified intermediary acts as a disinterested third party and holds funds in escrow during the exchange process. In addition to holding funds, qualified intermediaries perform a range of other necessary tasks such as preparing legal documents, ensuring deadlines are met, and coordinating with attorneys and accountants.
At RVPII Consulting, we provide a comprehensive service for our clients, including the chance to request vetted qualified intermediaries to assist with their 1031 exchange. Our team can make introductions to qualified professionals who can assist with calculating tax burdens, drop & swaps, swap & drops, and other necessary tasks. Here are some of the key benefits of working with our qualified intermediaries:
At RVPII Consulting, we understand that tax implications are a critical aspect of any financial planning process, especially when it comes to 1031 exchanges. We have an extensive network of tax professionals, including CPAs and tax attorneys, who specialize in 1031 exchanges. We can help you identify the right professional based on your unique needs and circumstances.
Our team of financial consultants works with tax professionals to ensure that every aspect of the exchange is conducted according to IRS guidelines. We also collaborate with them to provide you with a comprehensive financial plan that maximizes your tax benefits. By working with RVPII Consulting, you can be assured that your 1031 exchange is handled with the utmost care and attention to detail.
At RVPII Consulting, we understand the importance of identifying suitable replacement properties that align with your investment goals and objectives. Our financial consultants have extensive experience and can provide comprehensive support in the following areas:
3 Property Rule
This rule allows investors to identify up to three replacement properties, regardless of their value. We can help clients with the 3-property rule by identifying suitable replacement properties, maximizing identification options, and ensuring compliance with IRS guidelines.
200% Rule
The 200% rule is a guideline that allows investors to identify any number of potential replacement properties, provided that the total value of those properties does not exceed 200% of the gross sales price of the property being sold. This means that investors have the flexibility to identify several potential replacement properties, giving them the opportunity to diversify their investment portfolio and better align with their investment goals.
95% Rule
This rule allows investors to identify any number of properties for any value but must close on 95% of the value identified. This rule should only be used if necessary. RVPII Consulting can help clients with the 95% rule by recommending DSTs, which provide the ability to reserve equity and easy ability to close, making them a good option for this rule.
Delaware Statutory Trusts (DSTs) are a popular option for real estate investors looking to complete a 1031 exchange New York. Formed under internal revenue ruling 2004-86, DSTs offer a range of benefits that make them an attractive investment option for investors.
Some of the key benefits of DSTs include:
Our team at RVPII Consulting has significant expertise in DST investments and can offer guidance and support throughout the 1031 exchange process. We can assist clients in identifying suitable DST options, conduct thorough due diligence, and ensure compliance with IRS guidelines.
RVPII Consulting can also assist clients in exploring DSTs with 721-UPREIT opportunities as part of our 1031 exchange solutions strategy. These DSTs offer the potential for properties to be purchased by a larger REIT managed and operated by the DST sponsor, providing the opportunity for tax deferral throughout the entire process.
Additionally, some sponsors may offer custom non-recourse debt options. While the minimum investment for these DSTs is typically higher, ranging from $250,000 to $500,000, they offer the potential for monthly or quarterly income and diversification across a larger pool of properties in different sectors and locations throughout the United States.
With a typical process taking 2-3 years, once the DST goes into the UPREIT structure, clients have the potential for liquidity after about a year. These DSTs can be a great option for legacy planning or breaking up tax liabilities without the need to conduct a 1031 exchange.
RVPII Consulting also provides guidance on Tenant-In-Common (TIC) investments, which offer an alternative way for investors to participate in real estate ownership. With TIC investments, a property is owned by multiple investors, each with an undivided fractional interest in the property. Some of the benefits of TIC investments include:
Custom Private Real Estate Offerings provide a unique investment opportunity for clients seeking larger purchases and greater control. At RVPII Consulting, we work with clients to explore different avenues to find investment options that fit their specific needs. The benefits of Custom Private Real Estate Offerings include:
Are you currently working your way through the process of a 1031 exchange? Let RVPII Consulting help you simplify it and achieve your financial goals! Contact us today to request a consultation or visit our office at 286 Main Street, Setauket-East Setauket, NY for expert guidance on your 1031 exchange needs.
