In some cases of investment property "exchange," the new or "replacement" property is in need of remodeling or construction. Fortunately, these cases can still fall under tax code 1031, allowing the owner to make the needed or desired improvements to the new property during the exchange period, while still maintaining the tax-deferred status. The construction exchange is a terrific way to make the proceeds from a sale build toward the value of the next property.

Six Months to Make Improvements
The so-called "improvement or construction exchange" allows "exchange accommodating title holders" to utilize funds generated from the relinquished property to improve the new property. Unlike a simple 1031 exchange, however, the property is "parked" during the allotted six-month construction window, which involves a greater understanding and expertise by your intermediary. At Bankers Escrow Corporation, we are well versed in the tax requirements for construction exchanges and facilitate them regularly with the ease of a simple 1031 exchange.

Our team includes only CPAs, attorneys, exchange specialists, and escrow officers--all working in concert to move our clients efficiently through the filing process. At Bankers Escrow Corporation, our exchange specialists walk our clients step by step through the whole transaction. Our job is to take care of every detail of this complex process so you don't have to.

For a free consultation, call 800.571.6595, or email us today at request@bankersescrow.com. At Bankers Escrow Corporation, we know what's riding on each 1031 construction exchange we facilitate, so we bring our attentiveness as well as our combined 90-plus years of experience to the table. Cover all your bases by working with a company of experts: Bankers Escrow Corporation.