Universally, you cannot sell “relinquished property” and defer the payment of your depreciation reclaim and capital gain income taxes by structuring a 1031 exchange, building on “real property” that you already own or by paying off the mortgage on the property.

Institutional Qualified Intermediaries usually charge a transaction fee in the range of $850.00 to $1,200.00 for each 1031 Exchange transaction. This fee usually includes one sale property or “relinquished property” and one purchase property or “replacement property”.