SCES 1031, 2150 Pickwick Drive #499, Camarillo, CA (2026)

11/29/2024

🚨B I G A N N O U N C E M E N T 🚨

We have merged our 1031 exchange company with a tech-forward Qualified Intermediary. 😱

This merger allows us to expand our reach while maintaining our commitment to exceptional client experiences. We are excited to continue working with our local community, enhancing our services to our clients with more tools that makes the process incredibly streamlined for everyone.

This is an incredible opportunity, a meeting of the minds, a way to transform our industry for the better - and we’re excited to be at the forefront!

Thank you to our clients, escrow officers, lenders, real estate agents/brokers, financial advisors, and everyone in between for your continued support. It means the world 🌎 to us!!

🙏 #1031 🌱

02/08/2024

If you are a real estate investor looking for replacement property to satisfy your 1031 exchange requirements, make sure you’re not only investing in like-kind property but you’re using exchange funds to pay for certain closing costs that qualify as well.

Not all closing costs qualify as a deduction, which means you could be reducing your netted proceeds and not replacing an adequate value that truly satisfies your 1031 exchange.

Most investors are under the impression that ALL closing costs can be deducted from their Sales Price and that’s the replacement value they look for. But, that is not the case. Costs associated within the contract and for the service of closing are deductible, others aren’t.

Make sure you know this so you don’t end up paying taxes when you thought you were in the free and clear.

Scroll through to see specific costs that ARE and ARE NOT deductible. You may be surprised at some of them.

If you are looking for a reputable and reliable 1031 exchange company, look no further! is a national qualified intermediary who helps real estate investors minimize their tax liabilities when selling investment properties.

DM us if you’re ready to start your exchange or have questions.

#1031

01/04/2024

Drop it like it’s 🥵

Many savvy real estate’s investors own property with others, in a partnership like an LLC. This can seem like gravy until it’s time to sell and the partners are not on the same page or wanting to stay together in the next investment.

This is where tax advice is STRONGLY 💪🏻 encouraged.

➡️ Is it best to dissolve the partnership ahead of time and then everyone can either sell or do a 1031 exchange individually?

OR

➡️ Does the partnership stay together to reinvest its money into another investment property thru a 1031 exchange, alleviate any taxable event, and then decide when it’s time to dissolve the partnership into individual interests, each as tenants in common?

In either scenario, you need advice on how long 🕰️ the drop of the partnership should happen prior to or following the completion of the 1031 exchange.

The reasoning? Partnership interests are viewed differently than individual interests by the IRS. This means that each entity would need to use the investment property for a duration of time (usually 1-2yrs) in order to be considered a long-term investor.

In other words, dropping out of a partnership too quick, prior to a 1031 exchange could trigger a taxable event. And, dropping out of the partnership too quickly after completing a 1031 exchange could cause the same.

What you need to understand is that there is no defined holding period within the Statute regarding this topic. It’s a gray area. Tax advisors have their legal opinions based off of federal cases and their opinions may vary. Their opinion matters because they are the ones who will go to bat for you if the IRS tries to overturn the 1031 exchange.

Bottom line: Dropping & Swapping, Swapping & Dropping is doable it just takes planning…and tax advice.

Ready to start your 1031 exchange? DM us! We operate nationwide.

#1031

11/02/2023

Who’s excited?? 🙋🏼‍♀️I know I am!!

This webinar is for anyone who:

✅ wants learn more about 1031 exchanges

✅ wants to gain a competitive edge in real estate investing

✅ wants to learn ways to build your income stream

✅ wants to discover replacement property options that meet their 1031 exchange requirements

To secure your spot, you must register for the webinar. DM the word REGISTER and we will send you the link.

Looking forward to seeing you there 😁

10/20/2023

Seller carry back financing within a 1031 exchange: How does it work? 🤔

With the ever increasing interest rates on loans, Buyers are losing more and more financial power and buying capabilities. However, there are some creative ways you can maneuver, keeping the deal together AND satisfying your 1031 exchange.

I should preface this by saying that as a Seller and/or Exchanger, you should carefully consider these options before signing any contract with your Buyer. Reviewing your options with your financial or legal advisor is strongly suggested and encouraged.

Now, onto the hood stuff 👇🏻

If you decide to create a Promissory Note with the Buyer, basically an IOU, you have options. But, because it’s an IOU, and not actual cash, you will receive less cash at the closing. This reduced amount could effect your purchasing power towards your replacement property.

In other words, buying a replacement property that is equal or greater than what you sold, with less cash received at closing means you need to bring in your own funds to the closing or take on a larger loan in order to offset that difference.

It’s a major factor that needs to be considered. 👍🏻

If that seems a bit complicated then consider loaning them the funds instead of an IOU.

IF you have the money 💴 to cover the Buyers financial deficit, then you can give them the cash, in the form of a loan, and act as their private lender. Maybe the Buyer can only borrow so much to afford a loan with a large financial institution at 8%. You can loan them the the deficit that makes up the difference between their initial deposit, 1st loan and purchase price. You can become the 2nd lender.

Not only are you receiving all the funds at close, instead of an IOU, but the loan doesn’t effect your 1031 exchange timelines. It’s an incredible option IF you can afford to utilize it.

If you want to learn more about these options in detail, DM us the word OPTIONS and we’ll send you the article link.

#1031

10/04/2023

The longer you own an investment property, the less likely the IRS will question whether or not it qualifies for a 1031 exchange.

1031 exchanges are designed for Long-Term investors. If you purchase a property in order to fix it up quickly, and turn around and try to sell it, by utilizing a 1031 exchange, you are raising a red flag 🚩

Short Term investors do not get the benefit of deferring the long term capital gains tax rates. If you are questioning which type of investor you are, long term or short term, then you need to get legal advice on whether or not they think your property will qualify.

There are several other factors that could affect whether or not your property qualifies for a 1031 exchange, besides how long you’ve owned and reported the property. Want to know more?

Follow

📱 call | TEXT | DM us

💫

09/06/2023

Looking for a creative way to re-invest your 1031 exchange funds?

Consider buying a mixed-use property that has an ADU in the back. You can buy the whole property but use your exchange proceeds towards to allocated percentage the ADU represents from the whole property.

By doing so, you can buy a new primary residence and investment property, satisfying your personal and investment needs.

Or, you can buy the whole property as an investment that offers two sources of rental income… win win 🏆!

The best advice I can offer you, if this is something you are truly considering, get the property appraised before you submit your offer and go over the figures with your accountant to get their legal opinion to see if the numbers work for your specific 1031 exchange situation.

ADUs are becoming increasingly popular and may offer a creative solution that benefits your financial goals.

Of course you must follow specific requirements in order to comply within the 1031 exchange parameters. Want to learn more?

DM the word: ADU and we’ll contact you with more information.

Follow for more creative solutions for your 1031 exchange needs.

07/31/2023

1031 exchanges 🪜simplified:

If you are a real estate investor and are looking to build wealth AND defer 💯 capital gains tax you need to look into and understand 1031 exchanges.

This is the only tool that forces you to buy UP ⬆️

📌The first investment property you buy is the lowest rung of your investment ladder.

➡️ Let’s say you bought a condo for $200k and rented it out for several years. The condo has appreciated in value and is now worth $400k.

If you sold the condo outright, you’d pay tax on the gain, so on $200k. BUT, if you decided to do a 1031 exchange, you can buy another property (maybe a house) that is worth at least $400k, which becomes the 2nd rung of your ladder 🪜.

Every time you continue to exchange one property for another, you add a rung onto your ladder 🪜.

☝️ important point to note is when you choose to sell your investment property and NOT do a 1031 exchange. The taxes owed is not due on the gain from the ladder rung right below….it’s due on the gain from highest rung to the first and lowest rung!

This is where the phrase “swap-til-you-drop” was coined. You can keep exchanging property for property until your death with zero limits to how many times you complete a 1031 exchange.

One way to help mitigate this is instead of continually buying up ⬆️ start buying out. This means instead of buying one property in your 1031 exchange, split the value among 2 or more properties…adding additional ladders to your portfolio. More ladders, fewer rungs.

Now, you have multiple properties that are appreciating in value, offering multiple sources of income and hopefully increasing your cash flow.

Like I’ve said MANY times…1031 exchanges are an incredible tax saving, wealth building tool!

Follow for all things 1031 exchange related

#1031

07/18/2023

1031 exchanges are quite streamlined but can easily be sabotaged by real estate investors either by receiving poor advice or are simply uneducated on the subject. 😬

We are here to help clear the confusion 🌬️

First things first, find a reputable 1031 exchange company such as to properly document your exchange and securely hold your funds until you re-invest them into another investment property. Your exchange cannot be recognized without this step.

Second, make sure you find replacement property options and identify them, in writing, by the 45th day from the closing of your relinquished property.

📌 This step is crucial as you CANNOT move forward without it.

As long as you’ve completed the last step you are able to proceed with your exchange but you must close on the replacement property ON or BEFORE the 180th day, not a day after.

Other factors that are less common but could could derail your exchange are:

➡️ Flipping property. This applies to both the relinquished AND replacement properties. Both properties need to be held long term. This means the property you are relinquishing has been held for 1-2 yrs before you open an exchange. And, the property you are replacing needs to be held and reported as an investment property for the same duration.

➡️ Personal property does NOT qualify. This means your primary residence and 2nd homes are excluded from 1031 exchange treatment. Vacation homes may be an exception to the rule AS LONG AS you are using the property for either 2 weeks out of the year OR 10% of the time rented, whichever is greater.

For more info on 1031 exchanges make sure to follow

#1031

SCES 1031

11/29/2024

02/08/2024

01/04/2024

11/02/2023

10/20/2023

10/04/2023

09/06/2023

07/31/2023

07/18/2023

Address

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category