EP 25 - Unraveling the Mystery of Reverse 1031 Exchanges

There are so many reasons why you might want – or need – to close on the acquisition of your replacement property before closing on the sale of your relinquished property as part of your 1031 Exchange. Buying your replacement property first is referred to as a Reverse 1031 Exchange. The Reverse 1031 Exchange can take much of the risk out of your 1031 Exchange since you can close on the purchase of your like-kind replacement property first. It can help address difficult real estate markets where there are multiple offers, bidding wars, offers above asking price, all-cash offers, short closing periods, etc.

Email your Reverse 1031 Exchange questions to ASK@exeterco.com and we’ll address them in our next episode.

Host:
William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services, LLC and Exeter Trust Company
(619) 239-3091
wexeter@exeterco.com

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