1031 process - aei fund management inc.aeifunds.com/1031/docs/aei_dst_process.pdf• to qualify for...
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Steps to completing your 1031 transaction: Let us show you the way...
1031 PROCESS
• Review the AEI portfolio
to identify your exchange
property
• Request and receive
property offering
package(s)
Closing Documents Prepared
Find a buyer for
your property
and complete
the sale
Sales proceeeds
are placed in
escrow with
your qualified
intermediary
(QI)
Fill-out, sign
and return
Purchaser
Questionnaire
(PQ)
Sign and
return
purchase
documents
Once received,
funding
date and
closing date
determined
• QI documents prepared
and executed
• Pre-closing conference
call with AEI
• Funds wired to AEI on
funding date
• To qualify for a 1031 exchange, you cannot take receipt of sales proceeds.
• 1031 exchanges must occur through a qualified intermediary (QI)
• You have 45 days from the sale of your relinquished property to identify a replacement property
• The minimum investment is $100,000 per replacement property
• AEI specialists will walk you through the entire process, from initial replacement property identification to purchase.
• You have 180 days to complete your 1031 exchange
DAY 1
DAY 45
DAY 180
Replacement Property Selection
Purchase Documents
• Purchase agreement, trust
agreement and ownership
record are prepared for
you by AEI
Purchase
complete
AEI sends
copies of
documents and
confirmation
statement to
buyer
Rental payments
begin
1300 Wells Fargo Place, 30 East Seventh Street • St. Paul, MN 55101
Call for more information: 800-328-3519 or learn more about AEI at aeifunds.com
Quality People. Quality Performance. Since 1970.
1031 EXCHANGE
process
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