wrote in message
Does anyone have any experience with "reverse 1031 exchanges"?
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
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
Group policy I believe is not to endorse specific businesses [Moderator
========================================= 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
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
Click to see the full signature.