A reverse 1031 exchange is when you purchase your replacement property before you close on the sale of your relinquished property. It involves additional paperwork and procedures on top of the standard 1031 exchange.
If you're looking to upgrade your property, a reverse 1031 exchange may be the perfect solution for you. With a reverse 1031 exchange, you purchase your replacement property before you sell your current one, which means you can avoid any potential delays or setbacks.
With a reverse 1031 exchange, you purchase your replacement property before you close on the sale of your relinquished property. This allows you to move forward with your plans without worrying about finding a replacement property in a timely manner. While it does involve additional paperwork and procedures, a reverse 1031 exchange can be a great option for those looking to invest in another property. When done correctly, a reverse 1031 exchange can help you defer your capital gains taxes and keep more of your hard-earned money in your pocket.
While the process for a reverse 1031 exchange is a bit more complicated than a standard 1031 exchange, our team of experts at Freedom 1031 will make sure everything goes smoothly from start to finish. We have the experience and knowledge to ensure that your exchange is done correctly and in compliance with the law. We're here to answer any questions you have, contact us today to learn more about reverse 1031 exchanges and how they can benefit you.
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An improvement 1031 exchange is when you are doing a standard 1031 exchange and you use the proceeds of the relinquished property to acquire and improve the replacement property as part of your 1031 Exchange transaction.Learn More
A traditional forward 1031 exchange is when you sell investment property (relinquished property) and roll all, or part, of the sale proceeds into the purchase of a new investment property (replacement property).Learn More