A 1031 Starker exchange is another way of referring to delayed, deferred or any other non-simultaneous exchange. It’s called a 1031 Starker exchange because Starker was the first case in which a non-simultaneous exchange was approved by the court. There are very strict rules for completing a 1031 Starker exchange.
1031 Starker exchange rules:
45-Day Rule: In a 1031 Starker exchange, you must identify suitable replacement properties within 45 days of selling the relinquished property.
Three-Property Rule: You may identify any three properties for possible replacements in a 1031 Starker exchange, regardless of their market values.
200-Percent Rule: You may identify any number of properties in a 1031 Starker exchange as long as the aggregate fair market value doesn’t exceed 200 percent of your relinquished property.
95-Percent Rule: In a 1031 Starker exchange, you may identify any number of replacement properties as long as you end up purchasing at lease 95 percent of the aggregate value of all properties identified.
180-Day Rule: The replacement property must be received and the 1031 Starker exchange completed no later than 180 days after the transfer of the exchanged property.
How can Spectrus help you with a 1031 Starker exchange?
Spectrus offers individual buyers of whole property a wide range of investment real estate solutions to complete a 1031 Starker exchange. For more information on 1031 Starker exchanges, contact a Spectrus 1031 Starker exchange specialist today.
About Spectrus Real Estate
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