It appears to involve giving title of the entire "replacement property" to someone else to hold for upto 180 days. How safe is this? How can one safeguard that one does not lose the replacement property?
I am not sure if recommendations of 1031 exchange companies are allowed in this forum.
If anyone has had good reverse exchange experience with any "reverse 1031 exchange companies", pls do so if allowed in this forum. =========== If you're doing a "reverse exchange," you RECEIVE a property BEFORE you GIVE a property. Therefore, I don't understand your second sentence....
For real estate (or other titled property), it should be as safe as an outright purchase/sale, for one finds a real estate broker (or an accommodator if this is also a "Starker" [third party] exchange) and opens an escrow. The exchange is subject to the same rules - identification of the replacement(s or list of potential replacements) within 45 days of the first property being placed into escrow and completion of the exchange within 180 days. Do you trust your local real-estate agents and title companies?
Group policy I believe is not to endorse specific businesses [Moderator comment requested].
========================================= MODERATOR'S COMMENT: Yes, it is generally best not to endorse particular products or services in the group - we are not here for commercial purposes. Though there are times when talking about your experiences with a particular product may be appropriate.