Pre-Exchange Planning

- [ ] Consult with a Qualified Interm ediary (QI) - [ ] Confirm your property qualifies (investment/busi ness use onl y) - [ ] Meet with your real estate broker and CP A to align on investment goals - [ ] Run financial projections for reinvestm ent p otential - [ ] Set target price range for replacement p roperty

T

imeline Management

- [ ] Close on the relinquished p ro perty - [ ] Identify up to 3 properties within 45 days - [ ] Close on replacement property withi n 1 80 days of sale - [ ] Submit written identification to your QI within d eadli ne

W

ealth Strategy Execution

- [ ] Reinvest full proceeds to maxi mize tax deferral - [ ] Focus on "trading up" for higher value and cash fl ow - [ ] Use leverage responsibly to grow yo ur i nvestment base - [ ] Evaluate asset performance a nnuall y - [ ] Plan next 1031 Exchange in advan ce

Brooklyn Investor T

ip

s

- [ ] Consider new construction for lower maintenance & stronger re tu rn s - [ ] Explore mixed-use or commercial upgra des for scale - [ ] W atch local zoning + rent regulations before committing - [ ] Stay up-to-date on IRS rules + NYS tax policy - [ ] W ork with a trusted local team (agent + attorney + QI ) Pro T i p: As The W all Street Journal notes, the compound ef fect of real estate is real - every 1031 builds on the last.