Hami M. Gabayan is the founder and senior escrow manager at Commercial Exchange Inc. He has over fifteen years of experience in the escrow field, specializing in commercial, apartment buildings, residential income buildings, residential properties, and has expertise in handling 1031 tax deferred exchanges and reverse exchanges. Hami is known for his commitment to superior customer service, which he considers a key to his success.He has been actively involved in various professional associations, serving twice as President of the Los Angeles Escrow Association during 2016-2017 and 2017-2018, and is a board member of the California Escrow Association. He was also a delegate of the American Escrow Association and a member of the Jewish Federation Real Estate Division (REC).Hami holds a Juris Doctor graduate degree from Loyola Marymount University and a Bachelor of Science in Neuroscience from the University of California, Los Angeles. He completed his high school education at Beverly Hills High School.
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Essential reading for anyone planning a like-kind exchange. Discover how to navigate capital gains and 'boot' in a 1031 exchange with our comprehensive guide. Learn what constitutes taxable boot, including cash and mortgage scenarios, and strategies to minimize tax implications.
Established in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.
