Top Reno, NV 1031 Exchange Lawyers Near You
100 W. Liberty Street, Suite 940, Reno, NV 89501
5470 Kietzke Ln, Suite 100, Reno, NV 89511
200 S. Virginia, 8th FL, Reno, NV 89501
5520 Kietzke Ln, Suite 110, Reno, NV 89511
327 California Avenue, Reno, NV 89501
50 W Libert Street, Suite 1090, Reno, NV 89501
7800 Rancharrah Parkway, Reno, NV 89511
50 West Liberty Street, Suite 1000, Reno, NV 89501
50 West Liberty Street, Suite 400, Reno, NV 89501
421 Court Street, Reno, NV 89501
4600 Kietzke Lane, Ste. K228, Reno, NV 89502
427 W Plumb Ln, Reno, NV 89509
5421 Kietzke Lane, Suite 200, Reno, NV 89511
245 East Liberty Street, Suite 510, Reno, NV 89501
241 Ridge Street, Suite 210, Reno, NV 89501
10775 Double R Blvd, Reno, NV 89521
5520 Kietzke Ln, Suite 200, Reno, NV 89511
800 S. Meadows Parkway, Suite 800, Reno, NV 89521
4785 Caughlin Pkwy, Reno, NV 89519
6100 Neil Rd, Suite 500, Reno, NV 89511
50 West Liberty Street, Suite 1100, Reno, NV 89501
3895 Warren Way, Reno, NV 89509
100 W. Liberty Street, Tenth Floor, Reno, NV 89501
50 West Liberty Street, Suite 600, Reno, NV 89501
71 Washington Street, Reno, NV 89503
Reno 1031 Exchange Information
Lead Counsel Verified Attorneys in Reno
Lead Counsel independently verifies 1031 Exchange attorneys in Reno and checks their standing with Nevada bar associations.
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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.
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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 Reno?
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 Nevada?
- 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