Posted by Frank Chin on May 23, 2004 at 06:52:35:
R Gardner:
Normal 1031: You sell the relinguished property first, then buy the replacement property,
Reverse 1031 exchange: You buy the replacement property first, then you sell the relinguished property tax free.
In between, there’s technicalities of qualified intermediaries holding funds, or holding title to the property (in reverse exchanges), as well as 45 days to identify, and 180 days to close.
Then’s there are simultaneouse exchanges vs non simultaneous exchanges, that does not require intermediaries.
Frank Chin