Key Takeaways
- Complex transaction types (auctions, 1031s, wholesale) each have unique requirements that demand specialized knowledge.
- 1031 exchange deadlines (45/180 days) are absolute — no extensions exist for any reason.
- Wire fraud prevention, enhanced title insurance, and post-closing reserves create multi-layered transaction risk protection.
- The 5-question decision framework ensures that complex transaction risk is proportionate to expected returns.
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Test Your Knowledge
1.Under IRC §1031, how many days does an investor have to identify replacement properties?
2.What is the primary advantage of a double closing over an assignment?
3.Which transaction risk has the highest annual dollar losses according to FBI data?