Florida 1031 Exchange Rules
Florida 1031 Exchange Rules
All
florida 1031 exchanges must comply with at least one of the following three 1031 rules in order to qualify as such:
1) The Three-Florida Investment Real Estate Rule - This rule allows the exchanger to identify up to a total of 3 potential replacement florida investment real estate within the Acquisition Period.
Florida 1031 Exchange Rules Continued:
The Two Hundred Percent Rule - If three or more replacement florida investment real estate are used in the exchange, their total value must not exceed 200% of the value of the florida investment real estate relinquished.
The Ninety-five Percent Exception - Finally, in the event that rules 1 and 2 do not apply, the exchange may still qualify assuming that the aggregate value of the replacement florida investment real estate accounts for at least 95% of the value of the relinquished florida investment real estate at the time of sale.
Many florida 1031 exchange florida real estate owners are drawn to tenant in common exchanges due to the pre-approved financing options available.