Top Downey, CA 1031 Exchange Lawyers Near You
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1031 Exchange Lawyers | Serving Irvine, CA
Over 25 years of high-stakes commercial real estate law. Safeguarding your property assets and future growth. Winning matters.
12400 Wilshire Boulevard, Suite 800, Los Angeles, CA 90025
9777 Wilshire Blvd, Suite 400, Beverly Hills, CA 90212
11811 San Vicente Blvd, Suite 414, Los Angeles, CA 90049
1031 Exchange Lawyers | Serving Downey, CA
701 E. Chapman Avenue, Orange, CA 92866
301 E. Ocean Blvd., Suite 1720, Long Beach, CA 90802
355 South Grand Avenue, Suite 100, Los Angeles, CA 90071
2049 Century Park E, Suite 1700, Los Angeles, CA 90067
1 Park Plaza, Suite 500, Irvine, CA 92614
13101 Washington Blvd, Suite 120, Los Angeles, CA 90066
633 West Fifth Street, 52nd Floor, Los Angeles, CA 90071
100 Spectrum Center Drive, Suite 650, Irvine, CA 92618
23 Corporate Plaza Dr, Suite 150, Newport Beach, CA 92660
2919 1/2 Main Street, Santa Monica, CA 90405
450 N. Roxbury Drive, 7th Floor, Beverly Hills, CA 90210
6300 Wilshire Blvd., Suite 1700, Los Angeles, CA 90048
3161 Michelson Dr, Suite 1025, Irvine, CA 92612
3231 Ocean Park Blvd, Suite 121, Santa Monica, CA 90405
9701 Wilshire Blvd., Suite 1000, Beverly Hills, CA 90212
3200 Park Center Drive, Suite 1160, Costa Mesa, CA 92626
23801 Calabasas Rd, Suite 1003A, Calabasas, CA 91302
21515 Hawthorne Blvd, Suite 1150, Torrance, CA 90503
10944 Ventura Boulevard, Studio City, CA 91604
953 E 3rd St, Suite 100, Los Angeles, CA 90013
355 S Grand Ave, Suite 900, Los Angeles, CA 90071
601 W 5th St, Suite 300, Los Angeles, CA 90071
Downey 1031 Exchange Information
Lead Counsel Verified Attorneys in Downey
Lead Counsel independently verifies 1031 Exchange attorneys in Downey and checks their standing with California bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is a 1031 Exchange?
A “1031 exchange” refers to section 1031 of the U.S. Internal Revenue Code, which allows you to defer capital gains taxes on some real estate transactions. Also known as a “tax-deferred exchange,” you will be able to defer any capital gains taxes when selling a home as long as you are buying another home that costs more. You can also do this for business property investment. Many property exchanges qualify as a 1031 exchange as long as you are holding the property for investment or business use, giving you significant tax savings.
What Are Some Examples of Situations Where I Might Need a Real Estate Lawyer To Help With a 1031 Exchange?
While a common tax savings tactic for real estate investors, making sure your 1031 exchange goes smoothly may require a lawyer’s attention to detail and knowledge of the law. Consult with your real estate lawyer if you are considering purchasing a new piece of real estate investment property or seeking a new business property.
How Can a Real Estate Lawyer Help Me?
A real estate lawyer can help you through the real estate process. With so much money on the line, it is wise to work with a lawyer to protect your investment. A real estate lawyer can help with:
- Breach of contract claims
- Property insurance claim denials
- Title disputes
- Zoning restrictions
- HOA restrictions
- Negotiating commercial lease agreements
- Handling property tax matters
What Could Happen if I Don’t Hire a Real Estate Lawyer?
If you don’t hire a real estate lawyer, you could be putting your home or business at risk. Problems with a real estate deal can quickly spiral out of control, costing you tens of thousands of dollars or more. Property ownership or title disputes can cost you your home. Without a real estate lawyer, you could face:
- Property and zoning restrictions
- Property tax penalties
- Breach of contract claims
- Environmental remediation costs
What Questions Should I Ask When Trying To Find a Real Estate Lawyer in Downey?
These questions can help you decide if you feel comfortable and confident that a lawyer has the qualifications, experience, and ability to manage your case. Many real estate lawyers offer an initial consultation that allows you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What is your experience in handling real estate cases in California?
- Have you represented property owners in cases like mine?
- What are potential issues that can come up during the property purchase?
- How will you keep me informed about updates in my case?
- What is the likely timeline for resolving my case?
- What is your fee structure for legal representation?
Tips for Hiring a Real Estate Lawyer
Take the time to find a real estate attorney who is right for you and will represent your best interests. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts