{"id":182823,"date":"2025-05-15T12:21:19","date_gmt":"2025-05-15T18:21:19","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=182823"},"modified":"2025-05-15T12:21:22","modified_gmt":"2025-05-15T18:21:22","slug":"3-hacks-to-1031-exchange-your-primary-residence","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/3-hacks-to-1031-exchange-your-primary-residence","title":{"rendered":"3 Hacks to 1031 Exchange Your Primary Residence"},"content":{"rendered":"\n<p><span data-preserver-spaces=\"true\">Home prices have been on a run upward over the last few years, with homeowners finding that their primary residence is now worth much more than when they bought it. This extra equity can be <\/span><span data-preserver-spaces=\"true\">great<\/span><span data-preserver-spaces=\"true\">, but many homeowners may be in for a surprise\u2014when it comes time to sell the home, they may face a <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\"> capital gains tax bill.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">For years, <\/span><span data-preserver-spaces=\"true\">smart<\/span><span data-preserver-spaces=\"true\"> real estate investors have used a tool called the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/posts\/real-estate-1031-exchange-overview\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1031 exchange<\/span><\/a><span data-preserver-spaces=\"true\"> to avoid paying capital gains taxes from a sale. With a 1031 exchange, an investor can sell one property and buy another similar one as a replacement, which lets them postpone the tax bill and keep more money to invest. This method works well for investment properties, allowing investors to upgrade or add to their <\/span><span data-preserver-spaces=\"true\">property<\/span><span data-preserver-spaces=\"true\"> portfolios. However, this benefit has usually been available only for investment properties.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">But what if your main home has gained so much value that you now face a big tax bill? <\/span><span data-preserver-spaces=\"true\">Many people think 1031 exchanges only work for investment properties, but a few creative strategies may open up this tool to help reduce taxes when selling your primary residence<\/span><span data-preserver-spaces=\"true\">, too<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">We\u2019ll cover three ways to hack your primary residence with a 1031 exchange and grow your portfolio (and one bonus hack for vacation homes).&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What is a 1031 Exchange?<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">But first, let\u2019s dig into some 1031 exchange basics.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Named after Section 1031 of the Internal Revenue Code (IRC), a 1031 exchange allows investors and business owners to make tax-deferred \u201clike-kind\u201d exchanges on real property. This revolutionary idea has <\/span><span data-preserver-spaces=\"true\">allowed<\/span><span data-preserver-spaces=\"true\"> investors and business owners to keep reinvesting in their businesses without <\/span><span data-preserver-spaces=\"true\">having to pull<\/span><span data-preserver-spaces=\"true\"> money out to pay taxes whenever they sell an existing piece of property to buy a new one. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> means your equity keeps compounding for the long term, even as you grow your portfolio or exchange into different <\/span><span data-preserver-spaces=\"true\">types of property<\/span><span data-preserver-spaces=\"true\">.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">A 1031 exchange has long been one of the most attractive strategies in <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> real estate investing <\/span><span data-preserver-spaces=\"true\">world<\/span><span data-preserver-spaces=\"true\">, as countless investors have used this <\/span><span data-preserver-spaces=\"true\">section of the tax code<\/span><span data-preserver-spaces=\"true\"> to defer paying capital gains tax forever.<\/span><span data-preserver-spaces=\"true\"> Many of these investors eventually pass away, never having to pay capital gains taxes, with their children inheriting their fortune <\/span><span data-preserver-spaces=\"true\">at<\/span><span data-preserver-spaces=\"true\"> a stepped-up basis.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">How Does a 1031 Exchange Work?<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">There are<\/span><span data-preserver-spaces=\"true\"> many books, blog posts, and seminars <\/span><span data-preserver-spaces=\"true\">that<\/span><span data-preserver-spaces=\"true\"> cover how a 1031 exchange works, and we won\u2019t have time to dig into everything here.<\/span><span data-preserver-spaces=\"true\"> But it does help to understand a few basics.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">First, <\/span><span data-preserver-spaces=\"true\">it\u2019s helpful to know<\/span><span data-preserver-spaces=\"true\"> that you can buy and sell property in any order.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">If you sell first and then buy a replacement, that\u2019s called a \u201cforward exchange.\u201d These are straightforward and well-defined in the Internal Revenue Code. <\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">If you want to buy a property <\/span><span data-preserver-spaces=\"true\">first,<\/span> <span data-preserver-spaces=\"true\">then<\/span><span data-preserver-spaces=\"true\"> sell a property you already own, that\u2019s called a \u201c<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/posts\/reverse-1031-real-estate-exchange\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">reverse exchange<\/span><\/a><span data-preserver-spaces=\"true\">.\u201d These are a bit of a hack in their own right, and require a few extra steps, but are <\/span><span data-preserver-spaces=\"true\">fairly<\/span><span data-preserver-spaces=\"true\"> common.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">The other most widely known rules are the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/posts\/1031-exchange-timelines\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1031 exchange timelines<\/span><\/a><span data-preserver-spaces=\"true\">. The tax code added some limitations around how long you have to perform an exchange, but <\/span><span data-preserver-spaces=\"true\">there are two key deadlines that are<\/span><span data-preserver-spaces=\"true\"> nonnegotiables:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">The 45-day rule:<\/span><\/strong><span data-preserver-spaces=\"true\"> In the case of a forward exchange, you have 45 days from the relinquished property&#8217;s date of sale to identify potential replacement properties. With a construction exchange, you must also identify the improvements that <\/span><span data-preserver-spaces=\"true\">will be made<\/span><span data-preserver-spaces=\"true\"> to the property. This rule does not apply to reverse exchanges.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">The 180-day rule:<\/span><\/strong><span data-preserver-spaces=\"true\"> In the case of all types of 1031 exchanges, you have 180 days to complete and close all transactions. With a construction exchange, this also means completing and paying for all the improvements!<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">There are many more things to consider when planning and <\/span><span data-preserver-spaces=\"true\">successfully<\/span><span data-preserver-spaces=\"true\"> completing an exchange. For a full deep dive (and a free checklist), you can check out this list of <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/posts\/1031-exchange-rules-checklist\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1031 exchange rules<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Can You Do a 1031 Exchange on a Primary Residence?<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">The short answer is no! The tax code specifically states in \u00a7 1.1031(a)\u20131:<\/span><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">No gain or loss shall be recognized<\/span><span data-preserver-spaces=\"true\"> on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property of like kind <\/span><span data-preserver-spaces=\"true\">which<\/span><span data-preserver-spaces=\"true\"> is to be held either for productive use in a trade or business or for investment.<\/span><\/em><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Your primary residence is <\/span><span data-preserver-spaces=\"true\">clearly<\/span><span data-preserver-spaces=\"true\"> not held for \u201cproductive use in trade or business or for investment.\u201d But that doesn\u2019t mean <\/span><span data-preserver-spaces=\"true\">your primary residence can\u2019t be used<\/span><span data-preserver-spaces=\"true\"> in these ways!<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">For instance, if your primary residence also serves a business function (i.e., you have a home with a detached office, a duplex where you live in one unit and rent out the other, or a farm with a residential structure), you might be eligible for a partial 1031 exchange on the portion of the property that qualifies for an exchange.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Or, if you&#8217;re willing to rent out either your existing home for a while <\/span><span data-preserver-spaces=\"true\">prior to<\/span><span data-preserver-spaces=\"true\"> selling or your new home after purchasing, you may be eligible for a no-frills 1031 exchange by converting the property between an investment and a primary residence.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Three Hacks to Avoid Taxes on a Primary Residence Using a 1031 Exchange<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Although you can&#8217;t perform a direct 1031 exchange on a primary residence anymore, <\/span><span data-preserver-spaces=\"true\">there are<\/span><span data-preserver-spaces=\"true\"> a couple of strategies <\/span><span data-preserver-spaces=\"true\">you can implement<\/span><span data-preserver-spaces=\"true\"> to reduce your taxes with a 1031 exchange!<\/span><span data-preserver-spaces=\"true\"> We&#8217;ve outlined three of the most common ways to do so.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">1. Convert a primary residence into a rental before selling<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">One way you<\/span><span data-preserver-spaces=\"true\"> can defer taxes when selling your primary residence <\/span><span data-preserver-spaces=\"true\">is<\/span><span data-preserver-spaces=\"true\"> by converting it into a rental before the sale.<\/span> <span data-preserver-spaces=\"true\">While this strategy allows you to use just a 1031 exchange and avoid capital gains taxes, it takes a bit of time to facilitate this, and <\/span><span data-preserver-spaces=\"true\">(obviously)<\/span><span data-preserver-spaces=\"true\"> you would need to be willing to rent out your existing home.<\/span><span data-preserver-spaces=\"true\">&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">While the IRS <\/span><span data-preserver-spaces=\"true\">does specify<\/span><span data-preserver-spaces=\"true\"> that <\/span><span data-preserver-spaces=\"true\">a property must be held<\/span><span data-preserver-spaces=\"true\"> for business or investment use to use a 1031 exchange, they do not require the property to have this use for the entire time <\/span><span data-preserver-spaces=\"true\">that<\/span><span data-preserver-spaces=\"true\"> you own it.<\/span><span data-preserver-spaces=\"true\"> Many tax professionals recommend holding a converted business\/investment property for at least two years to qualify for a 1031 exchange, while others recommend at least two tax filings (at least 366 days).&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Regardless of the <\/span><span data-preserver-spaces=\"true\">length of<\/span><span data-preserver-spaces=\"true\"> time, it\u2019s important to note that the property does not need to be rented full-time to a long-term tenant.&nbsp; You\u2019re only required to rent the property <\/span><span data-preserver-spaces=\"true\">out<\/span><span data-preserver-spaces=\"true\"> for <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.irs.gov\/taxtopics\/tc415\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">14 days per year<\/span><\/a><span data-preserver-spaces=\"true\"> to justify investment use!&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">2. Combine Section 121 and a 1031 exchange for mixed-use property<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">One of the best ways to take advantage of a 1031 exchange on your primary residence is to <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> do a partial exchange and combine the power of the Section 121 exclusion with the 1031 exchange. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is something you<\/span><span data-preserver-spaces=\"true\"> can take advantage of if your property has both a residential and a business\/investment use.<\/span> <span data-preserver-spaces=\"true\">That means you<\/span><span data-preserver-spaces=\"true\"> can use this approach if you have a farm, a single-family home with a dedicated home office, or a multifamily property where you live in one unit and rent the other(s) out.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So, what is the Section 121 exclusion? It\u2019s the part of the tax code that allows everyday people to avoid paying taxes on the sale of their primary residence. This tremendously helpful exclusion <\/span><span data-preserver-spaces=\"true\">allows<\/span><span data-preserver-spaces=\"true\"> taxpayers to exempt up to $250,000 ($500,000 for married couples filing jointly) in gains from the sale of their primary residence so long as they have owned their home for at least the last two years and have lived in the <\/span><span data-preserver-spaces=\"true\">home<\/span><span data-preserver-spaces=\"true\"> for at least two of the <\/span><span data-preserver-spaces=\"true\">last<\/span><span data-preserver-spaces=\"true\"> five years.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you meet these conditions, you <\/span><span data-preserver-spaces=\"true\">are eligible to<\/span><span data-preserver-spaces=\"true\"> exclude up to $500,000 in capital gains.&nbsp; However, this cap isn\u2019t high enough for a lot of people. <\/span><span data-preserver-spaces=\"true\">Many people who <\/span><span data-preserver-spaces=\"true\">have owned their homes <\/span><span data-preserver-spaces=\"true\">prior to<\/span><span data-preserver-spaces=\"true\"> the pandemic have enjoyed considerable appreciation of their property over the past few years.<\/span><span data-preserver-spaces=\"true\"> When it comes time to sell, they end up paying taxes on <\/span><span data-preserver-spaces=\"true\">any<\/span><span data-preserver-spaces=\"true\"> gains above the $250,000\/$500,000 limits. If the property is partly used for business or investment purposes, a 1031 exchange can help with gains above those limits.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">When you combine the 1031 exchange with the Section 121 exclusion, the portion of the property you use for personal use (living in) is eligible for the Section 121 exclusion<\/span><span data-preserver-spaces=\"true\">, whereas the<\/span><span data-preserver-spaces=\"true\"> portion <\/span><span data-preserver-spaces=\"true\">of the property<\/span><span data-preserver-spaces=\"true\"> used for business purposes is eligible for a 1031 exchange.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Some common examples include home offices, multiunit properties where the owner lives in one unit and rents out the others, or mixed-use properties like working farms with a residence.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">The key piece here is proper documentation, as the IRS allows for a reasonable split of value between the two portions.&nbsp; If you want to read more about this strategy and see a case study, <\/span><span data-preserver-spaces=\"true\">be sure to<\/span><span data-preserver-spaces=\"true\"> check out Deferred\u2019s article on <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/posts\/primary-residence-capital-gains-tax\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">primary residence capital gains deferral<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">3. Buy a future primary residence using a 1031 exchange<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Lastly, another great way to take advantage of a 1031 exchange for a primary residence is by purchasing a future primary residence using one. This strategy is particularly great for those who have built up a real estate portfolio and aren\u2019t ready to move <\/span><span data-preserver-spaces=\"true\">quite<\/span><span data-preserver-spaces=\"true\"> yet but want to plan for their next phase of life.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you own a piece of investment real estate right now, you can sell that property through a 1031 exchange and purchase another piece of <\/span><span data-preserver-spaces=\"true\">investment<\/span><span data-preserver-spaces=\"true\"> real estate, like a vacation home that you also happen to rent out or a simple short-term rental.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Once you close on the property, the safe harbor with the IRS is that you should hold the property for at least two years as an investment property and rent it out for at least 14 days per year. <\/span><span data-preserver-spaces=\"true\">You <\/span><span data-preserver-spaces=\"true\">are also still able to<\/span><span data-preserver-spaces=\"true\"> use the property personally during this <\/span><span data-preserver-spaces=\"true\">time<\/span><span data-preserver-spaces=\"true\"> period<\/span><span data-preserver-spaces=\"true\">\u2014you can stay there for the greater of 14 days or 10% of the time <\/span><span data-preserver-spaces=\"true\">it\u2019s rented out<\/span><span data-preserver-spaces=\"true\"> per year.<\/span><span data-preserver-spaces=\"true\">&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Once these two years have passed, you can move <\/span><span data-preserver-spaces=\"true\">right<\/span><span data-preserver-spaces=\"true\"> into your property full-time, making it your brand-new, tax-deferred primary residence!&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Bonus Strategy: Use 1031 Exchanges With Vacation Homes<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Although primary residences don&#8217;t qualify for a 1031 exchange on their own, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/vacation-home-1031-exchange\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">vacation properties<\/span><\/a><span data-preserver-spaces=\"true\"> can <\/span><span data-preserver-spaces=\"true\">qualify<\/span><span data-preserver-spaces=\"true\"> with very few hoops to jump through.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">As mentioned, if you have a vacation home you rented out at fair market value for at least 14 days per year for the past two years<\/span><span data-preserver-spaces=\"true\">, it<\/span><span data-preserver-spaces=\"true\"> qualifies as a vacation rental. Additionally, the time you spend at the home must not exceed <\/span><span data-preserver-spaces=\"true\">the greater of<\/span><span data-preserver-spaces=\"true\"> 14 days per year, or 10% of the total time the property <\/span><span data-preserver-spaces=\"true\">is rented out<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So long as these qualifications <\/span><span data-preserver-spaces=\"true\">are met<\/span><span data-preserver-spaces=\"true\">, you can do a 1031 exchange on this property without any issues! <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> means that as long as you are renting out your vacation home <\/span><span data-preserver-spaces=\"true\">somewhat<\/span><span data-preserver-spaces=\"true\"> regularly, you can trade in and out of vacation properties without <\/span><span data-preserver-spaces=\"true\">having to worry<\/span><span data-preserver-spaces=\"true\"> about paying pesky capital gains taxes.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> can be <\/span><span data-preserver-spaces=\"true\">a great<\/span><span data-preserver-spaces=\"true\"> opportunity for anyone with an appreciated investment, like a multifamily <\/span><span data-preserver-spaces=\"true\">property<\/span><span data-preserver-spaces=\"true\"> or commercial building. <\/span><span data-preserver-spaces=\"true\">When it comes time to sell, you could pay taxes<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">or <\/span><span data-preserver-spaces=\"true\">you could<\/span><span data-preserver-spaces=\"true\"> turn it into a new investment property and buy a vacation home with that money you would have paid to the IRS.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Smart<\/span><span data-preserver-spaces=\"true\"> Planning Can Unlock Major Tax Savings<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">As with anything in the tax world, <\/span><span data-preserver-spaces=\"true\">a little bit of<\/span><span data-preserver-spaces=\"true\"> planning can go a long way. Properly structuring the sale of your home so that it qualifies for a 1031 exchange can save certain people hundreds of thousands of dollars (some even millions) in tax liabilities.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">However, whenever you&#8217;re doing a 1031 exchange, whether it be a simple forward exchange on an investment property, a complex construction exchange, or <\/span><span data-preserver-spaces=\"true\">you&#8217;re<\/span><span data-preserver-spaces=\"true\"> implementing one of the hacks we&#8217;ve outlined, it&#8217;s <\/span><span data-preserver-spaces=\"true\">incredibly important<\/span><span data-preserver-spaces=\"true\"> to have a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/1031-exchange-companies\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">great qualified intermediary<\/span><\/a><span data-preserver-spaces=\"true\"> (QI). Their expertise can be the difference between a successful exchange and paying thousands in taxes\u2014not to mention you&#8217;ll be entrusting them with holding on to your funds!&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">That&#8217;s why working with a professional QI is key. The Deferred team has decades of collective experience in the 1031 exchange world, helping facilitate some of the most complex exchanges <\/span><span data-preserver-spaces=\"true\">out there<\/span><span data-preserver-spaces=\"true\">! To learn more about their game-changing <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/pricing\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">no-fee forward exchanges<\/span><\/a><span data-preserver-spaces=\"true\"> or to chat with a <\/span><span data-preserver-spaces=\"true\">member of their team<\/span><span data-preserver-spaces=\"true\">, be sure to visit <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.deferred.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">their website<\/span><\/a><span data-preserver-spaces=\"true\"> today!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices have been on a run upward over the last few years, with homeowners finding that their primary residence is now worth much more than when they bought it. [&hellip;]<\/p>\n","protected":false},"author":613779,"featured_media":170326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7359],"tags":[],"class_list":["post-182823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1031-exchanges"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/182823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613779"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=182823"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/182823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/170326"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=182823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=182823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=182823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}