Selling an investment property usually means facing a large capital gains tax bill. A 1031 exchange lets investors defer that tax entirely by reinvesting the proceeds into a new property, as long as a few strict rules are followed. Here is what the process actually involves, explained by JJ Gorena of The Trey Group, a real estate broker with 22 years of experience and more than 700 closed transactions across Texas.
Why Working With a Statewide Team Matters
Because replacement properties don't need to sit in the same city as the property sold, an investor working with an agent who only knows one market is working with a smaller pool of options than they realize. Gorena's team covers the full state of Texas, which means an investor selling in San Antonio can just as easily identify replacement properties in Boerne, New Braunfels, Schertz, or elsewhere in the state, all within the same 45-day window.
About JJ Gorena
JJ Gorena leads The Trey Group alongside partner Bobby Cortez, a team recognized among the Top 25 Real Estate Teams in San Antonio by the San Antonio Business Journal. Gorena is a certified business coach through Success Magazine, training agents nationally on market absorption rates, negotiation, and timing. He is also an Emmy-nominated and Telly Award-winning host on The American Dream TV, and has appeared as a featured host on THE LOCAL, a show that has aired on Travel Channel.
Getting Started
If you own investment property and expect to sell within the next year, the right time to start planning a 1031 exchange is now, not after you've accepted an offer. Watch Episode 1 of "1031 Exchange, Explained" for a full walkthrough of the identification period.
Watch Episode 1 of "1031 Exchange, Explained": https://youtu.be/Kmbth-XiI50
Schedule a consultation with JJ Gorena: https://calendly.com/treygroupcommercial/15min
JJ Gorena, The Trey Group Phone: 210-367-6024 Email: homes@thetreygroup.com
