1031 Exchange W
ealth-Building Checkli
st
By Peter Mancini | Pen Re
alty
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.
Need help planning your next mo
ve?
Let's buil
d your 1031 la
dder ->
DM or call Peter Ma
ncini | 917-916
-5126
Subscribe:
Y
ouT
ube.com/@pmpenrealty
Support CaringKind: https://give.caringkindnyc.org
/te
am/6
30100