Strict IRS deadlines, complex ownership structures, and title defects can disqualify your exchange in days. Ocean Title and Escrow Company provides attorney-supervised 1031 exchange closings throughout Broward County, Miami-Dade County, and the entire State of Florida. We coordinate the title and closing with your Qualified Intermediary and advisors, protecting your investment from contract to closing.
Under Section 1031 of the Internal Revenue Code, real estate investors can defer capital gains taxes by selling one investment property and reinvesting the proceeds into a like-kind replacement property. For investors with rentals in Pembroke Pines, commercial buildings in Fort Lauderdale, or multifamily assets in Miramar, a 1031 exchange can preserve hundreds of thousands of dollars in tax liability.
But the exchange only works if it is executed correctly. A single missed step, an unresolved title defect, or an improperly structured closing can disqualify the entire exchange and trigger immediate capital gains tax. We don’t just process closings. We protect your tax-deferral strategy.
Contact us ideally before your property goes on the market. We review ownership structure, title history, and liens, and coordinate with your Qualified Intermediary from day one.
We close the sale with proper 1031 exchange language. Exchange proceeds go directly to your Qualified Intermediary, never to you.
We stay available throughout your identification window to flag title issues on potential replacements before you commit.
We examine title for liens, judgments, easements, open permits, and ownership discrepancies. When a legal issue appears, our attorney acts on it rather than rescheduling.
We coordinate lender requirements, entity documentation, deed preparation, and recording before your 180-day deadline, with funds disbursed through your Qualified Intermediary.
A complete, organized package with settlement statements from both closings, the recorded deed, and all exchange documentation.
You sell your relinquished investment property first, then identify a replacement property within 45 days and complete the purchase within 180 days. The entire exchange must run through a Qualified Intermediary.
You acquire the replacement property before selling your relinquished property. This requires an Exchange Accommodation Titleholder (EAT) and precise legal coordination to meet IRS safe harbor requirements.
Exchange one property for multiple replacements, or consolidate several into one. You may identify up to three properties regardless of value, or use alternative rules for larger portfolios.
Retail centers, office buildings, multifamily complexes, industrial properties, and development land. These deals often involve LLCs, partnerships, entity review, and lender coordination.
Unreleased mortgages, title defects, LLC authority questions, and probate issues get legal action the same day, keeping your 45- and 180-day windows intact.
We prepare exchange-compliant closing statements, structure assignment documents correctly, and handle funds under IRS constructive receipt rules.
Standard delayed, reverse, multi-property, commercial acquisitions, and LLC or trust transactions. If you are moving from residential into commercial, we have done it before.
We track every milestone from the day you open your file and communicate proactively, because in a 1031 exchange a missed date can mean a lost exchange.
Selling rental properties in Pembroke Pines, Miramar, Hollywood, Fort Lauderdale, Coral Springs, Miami, Hialeah, Miami Beach, Miami Gardens, Kendall and Doral.
Acquiring commercial or multifamily assets throughout Broward County and Miami-Dade County.
Holding Broward County and Miami-Dade County investment property from outside Florida.
Handling FIRPTA withholding and FinCEN compliance requirements.
Transactions involving inherited investment property.
Exchanging into commercial land or development projects, or executing multiple simultaneous 1031 exchanges.
Our Pembroke Pines and Miami offices serve investors across Broward County, Miami-Dade County, and South Florida, and throughout the State of Florida.
Miramar · Hollywood · Fort Lauderdale · Coral Springs · Hialeah · Miami Beach · Miami Gardens · Kendall · Doral
Yes. LLCs, partnerships, corporations, and trusts can use 1031 exchange treatment, provided the entity holds the property as an investment asset. The same taxpayer that sells the relinquished property must acquire the replacement, so the entity structure must stay consistent. We review your operating agreement and entity documents before closing.
Generally, no. Changing from an individual to an LLC, or restructuring ownership mid-exchange, can disqualify the transaction and trigger immediate capital gains tax. We identify these issues early and coordinate with your CPA.
The exchange is disqualified and capital gains tax becomes due immediately on the relinquished property sale. The IRS does not grant extensions for this deadline under ordinary circumstances. We track your deadlines from the moment you open your file.
Yes. You can identify up to three replacement properties regardless of total value, or more under the 200% or 95% rules. We coordinate multiple simultaneous closings when needed.
Your Qualified Intermediary holds the funds between closings, never you and never the title company. IRS constructive receipt rules require that the exchanger have no access to the funds. We make sure wires from the relinquished closing go directly to your QI.
Yes. We regularly handle remote closings, FIRPTA withholding compliance, and FinCEN reporting for non-resident investors. Our bilingual team serves English and Spanish-speaking clients, and we offer remote online notarization and mail-away closing options.
As early as possible, ideally before you list your relinquished property. Early title review uncovers issues that, if found late, could jeopardize your timeline. Contacting us early costs nothing.
Your 45-day and 180-day windows are non-negotiable. In a 1031 exchange, a missed date can mean a lost exchange and an immediate tax liability. Contact us today to open your file and protect your timeline from day one.
11200 Pines Blvd, Suite 200, Pembroke Pines, FL 33026
(954) 438-8393
oibrahim@titleocean.com
1900 N. Bayshore Dr., Suite 1-A, Miami, FL 33132
(305) 542-8684
oibrahim@titleocean.com