What is a 1031 exchange in real estate?

A 1031 exchange allows investors to defer capital gains taxes by reinvesting proceeds from the sale of one investment property into another like-kind property. Robert Galvan assists clients with identifying qualified properties and coordinating compliant 1031 transactions throughout North Jersey.

How does probate real estate work in New Jersey?

Probate real estate involves selling property owned by a deceased individual through an estate process managed by the executor or attorney. Robert Galvan specializes in guiding families and estate representatives through every stage—valuation, preparation, marketing, and closing—ensuring compliance and sensitivity.

Why choose Robert Galvan as your North Jersey Realtor?

Robert Galvan is an award-winning Broker Associate with Prominent Properties Sotheby’s International Realty, known for five-star service, market expertise, and community involvement. His accounting and management background, coupled with experience in 1031 exchanges and probate sales, makes him a trusted advisor for all real estate goals.

Which areas does Robert Galvan serve?

Robert Galvan serves Bergen County and the surrounding North Jersey communities, including Ridgewood, Wyckoff, Mahwah, Paramus, and nearby towns, helping clients buy, sell, or invest with confidence.

What sets Prominent Properties Sotheby’s International Realty apart?

Prominent Properties Sotheby’s International Realty, led by Charlie Oppler—past President of the National Association of REALTORS®—provides agents like Robert Galvan with elite marketing resources, global reach, and decades of industry knowledge, ensuring clients receive world-class representation.

Defer Taxes. Reposition Capital. Execute a 1031 Exchange With Confidence.

For investors selling in — or moving capital into — New Jersey, we help you navigate like-kind 1031 exchanges end-to-end: timelines, identification strategy, due diligence, and acquisitions. Concierge guidance; data-driven search; seamless coordination with your Qualified Intermediary and counsel.

Elegant investment property exterior in New Jersey

How a 1031 Exchange Works

We bring clarity to complex timelines. From selling your relinquished property to acquiring your replacement, each step is planned with precision to maintain compliance and preserve your capital gains deferral.

Sell the Relinquished Property: Engage a Qualified Intermediary (QI) before closing; proceeds go directly to QI escrow.
45-Day Identification: Identify up to 3 properties (or follow 200%/95% rules) within the first 45 days.
180-Day Acquisition: Complete the purchase of one or more identified properties within 180 days.
Compliance: Keep organized records for your CPA and QI for IRS and state filings.

This content is general information, not tax or legal advice. Always consult a licensed professional for your situation.

Download: The NJ Investor’s 1031 Exchange Guide

Clear, practical steps, checklists, and a fillable identification worksheet. Use it to brief your partners and stay on schedule.

45/180-day tracker and key dates
Identification rules (3-property / 200% / 95%)
Due diligence checklist
Glossary: boot, basis, depreciation, recapture

Real-World Example: From 3-Family to 6-Unit

Situation

Seller held a 3-family for 11 years. Rising taxes and maintenance reduced yield. Objective: convert equity into higher cash-on-cash with less capex risk.

Approach

Coordinated QI setup pre-sale; identified 3 replacements in 21 days.
Selected a renovated 6-unit with stable taxes and separate utilities.
Negotiated repairs credit and tax abatement confirmation; closed on day 134.

Outcome

Deferred capital gains via 1031; improved DSCR and cash-on-cash by ~2.1%.
Reduced management time with professional management.