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.
3330 West Manchester Boulevard, Inglewood, CA 90305 2322
915 Wilshire Blvd, Suite 1650, Los Angeles, CA 90017
1665 Scenic Blvd, Suite 200, Costa Mesa, CA 92626
5743 Corsa Avenue, Suite 208, Westlake Village, CA 91362-6465
1801 Century Park East, Suite 1250, Los Angeles, CA 90067
777 South Figueroa Street, Suite 4550, Los Angeles, CA 90017
2552 Walnut Avenue, Suite 100, Tustin, CA 92780
777 South Figueroa Street, Suite 4000, Los Angeles, CA 90017
3460 Wilshire Boulevard #800, Los Angeles, CA 90010
9663 Santa Monica Blvd., #704, Beverly Hills, CA 90210
24801 Pico Canyon Road, Suite 100 & 300, Stevenson Ranch, CA 91381
12100 Wilshire Blvd, Suite 1090, Los Angeles, CA 90025
229 Ave I, Suite 200, Redondo Beach, CA 90277
240 N Virgil Ave, Suite 16A, Los Angeles, CA 90004
24005 Ventura Blvd., Calabasas, CA 91302
340 N Westlake Blvd, Westlake Village, CA 91362
555 Anton Blvd, Suite 150, Costa Mesa, CA 92626
33332 Valle Rd, Suite 100, San Juan Capistrano, CA 92675
2934 1/2 N. Beverly Glen Circle, Suite 594, Los Angeles, CA 90077
1016 Pico Blvd, Santa Monica, CA 90405
801 North Brand Boulevard, Suite 1015, Glendale, CA 91203
1250 6th Street, Suite 200, Santa Monica, CA 90401
550 South Hope Street, Suite 1900, Los Angeles, CA 90071
1200 Wilshire Boulevard, Suite 610, Los Angeles, CA 90017
633 West 5th Street, 32nd Floor, 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