Posted by scalkins on March 14, 2004 at 19:19:43:
This is a tax-deferred exchange. A wonderful tool to sell property, and legally pay no gain tax on the sale. You must follow rules strictly on the sell, and turn around a buy another property(s) of equal or greater value and equal or greater debt. Check out www.ipx1031.com. I used them in my exchange from a duplex in CA to 3 single family homes in Ohio last year.