Two critical timelines determine the success of 1031 exchanges. The first, known as the 45-day rule, mandates that within 45 days of selling the initial property, potential replacements must be pinpointed. The second timeline, the 180-day rule, necessitates the completion of the replacement property acquisition within 180 days. Furthermore, the receipt of any non-like-kind property or cash, colloquially referred to as "boot," may be subject to tax. These exchange nuances are part of the emerging trends and expectations in real estate
that investors should be aware of.