Reverse 1031 Exchange
Overview
As its name states, a Reverse 1031 Exchange is where you acquire an asset (replacement property) first, then have 45 days to identify what asset (relinquished property) you will be selling. You will then have an additional 135 days to complete the sale of your relinquished property. Upon the close of escrow, you can either pay yourself back for the acquisition, or pay off the loan used to acquire the replacement property prior to the selling of the relinquished property. To complete a Reverse 1031 Exchange, the taxpayer must “park” title to either the relinquished or replacement property with an Exchange Accommodation Title Holder (E.A.T). As your 1031 Exchange Accommodator, we generally act as the E.A.T.
How Can We Help?
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It’s all part of our commitment to provide you with financial expertise—complete support for every stage of your investment real estate needs. In other words, if we can’t give you the answers you’re looking for, then you can count on us to know someone who can.