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1031 Exchange Property in Florida
Commercial · 1031 Exchanges
Voyance Real Estate LLC · Alex D. Silva, Broker · Lic. BK3153327
A 1031 exchange in Florida lets an investor sell one property and buy another like-kind property while deferring federal capital gains tax.
Alex helps investors sell the relinquished property and find replacement property in Central and South Florida within the exchange deadlines.
The deadlines that drive every exchange
- 45 days after your sale closes to identify replacement property in writing.
- 180 days to close on the replacement property, or your tax return due date if that comes first.
- A qualified intermediary holds the proceeds. If you receive the money, the exchange can fail.
- Investment or business property only. Your primary residence doesn’t qualify.
Those deadlines don’t move, which is why the search for replacement property should start before you sell.
Where a broker fits in an exchange
- Sell the relinquished property.Priced and marketed with a closing date that fits your exchange plan.
- Find replacements early.The search starts before you sell, so your 45-day list has real, available options, including backups.
- Negotiate to the deadline.Contract terms and closing dates are built around the 180-day limit.
Florida details
Florida doesn’t tax individual capital gains, so the exchange is mainly about deferring federal tax. Deeds are subject to Florida documentary stamp tax, with different rates in Miami-Dade County.
Voyance is not a qualified intermediary or tax advisor. Your intermediary and CPA handle the exchange rules.
Your exchange team
- A qualified intermediary to hold the funds.
- A CPA or tax advisor.
- A real estate attorney, if needed.
- A lender, if you’re financing the replacement.
- A broker on both the sale and the purchase.
Alex Silva, broker
Voyance Real Estate is led by its broker and owner, Alex D. Silva, who has more than 30 years in real estate and holds Florida broker license BK3153327.
Short-sale negotiation is his specialty: lender approvals, second liens, and valuation disputes.
He works with homes, condos, rentals, and commercial property across Central and South Florida, in English, Spanish, and Portuguese.
1031 questions
Can I exchange a rental house into a commercial building?
Generally, yes. Most real property held for investment or business use is like-kind to other investment real property. Confirm with your CPA.
Can I buy replacement property outside Florida?
Yes, like-kind rules cover real property anywhere in the United States. Voyance focuses on Central and South Florida.
What if I can’t find a replacement in time?
The exchange may fail and the gain may be taxable. That’s why it helps to identify options, and backups, before your sale closes.
General real estate information, not legal, tax, or financial advice.
Planning an exchange? Start the search now.
Tell Alex what you’re selling, the property type you want next, and your timeline.