1031 Exchange Specialist in Burbank, CA
Burbank offers 1031 exchange buyers entertainment industry-driven stability without city rent control restrictions, making it attractive for exchangers seeking both reliable income and operational flexibility.
Stable growth market
About 1031 Exchange in Burbank
Navigate complex 1031 exchanges with confidence. I provide expert guidance on identifying replacement properties, meeting strict IRS timelines, and maximizing the tax deferral benefits of your exchange.
Local Market Insight
Burbank's no city rent control status makes it particularly attractive for exchangers coming from strictly controlled markets who want more freedom in property operations.
Benefits of Working With a Burbank Specialist
- Defer capital gains taxes
- Build wealth through strategic exchanges
- Access to exchange-ready properties
- Timeline management expertise
- Qualified intermediary coordination
Burbank Market Overview
Burbank is the entertainment industry hub of the San Fernando Valley, with Disney, Warner Bros, and NBC driving strong multifamily fundamentals.
Why Burbank?
- Entertainment industry employment
- Excellent schools and safety
- Strong local economy
- Growing downtown district
The 1031 Exchange Process
Exchange planning consultation
Sale of relinquished property
45-day identification period strategy
Replacement property search
Due diligence and acquisition
180-day deadline compliance
Exchange completion
Frequently Asked Questions: 1031 Exchange in Burbank
What are the 1031 exchange deadlines?
You must identify replacement properties within 45 days of selling your relinquished property, and close on the replacement within 180 days. These deadlines are strict with no extensions.
Can I exchange into multiple properties?
Yes, you can identify up to three properties regardless of value, or more properties if their combined value doesn't exceed 200% of the relinquished property's value.
What happens to my mortgage?
To fully defer taxes, your replacement property debt should equal or exceed the relinquished property debt. Any reduction in debt or cash received may be taxable.
Let's Discuss Your Burbank Investment Goals
Whether you're buying, selling, or exploring 1031 exchange options in Burbank, I'm here to help you achieve your multifamily investment objectives.