The Build · Developer's Adventure · Taxes & Exit

The 1031 ExitThe art of the tax-free flip

You hold Cornerstone Park, a stabilized asset with a low basis and a big embedded gain. A buyer wants it. A 1031 like-kind exchange can defer the capital-gains hit — but only if you run a ticking clock and three hard rules perfectly.

45 days to identify · 180 days to close · boot · leverage · a bad replacement

Gain moving › equity you're trying to defer · Replacement debt › financing the new asset

The clock › 180-day countdown — the 1031 deadline

Gain moving

$9.0M

your deferred equity

Replacement debt

—

set on the new asset

The clock

180 d

exchange window

Exchange health

Loose

is the deferral safe?

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How this adventure plays. → A 1031 defers your gain ONLY if you identify replacement properties within 45 days and close within 180 days. → The clock counts down — spend days badly and the exchange breaks. → Control your gain moving, the replacement debt, and exchange health. → Run it again: seven endings teach seven ways a tax-deferred exit goes right or wrong.