1031 exchange question

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 this forum.
If anyone has had good reverse exchange experience with any "reverse 1031 exchange companies", pls do so if allowed in this forum.
Thank you
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snipped-for-privacy@gmail.com wrote:

I have experience with 1031's, but not personally with a reverse 1031. I don't know why, for your purpose, there would be a difference.

In a regular 1031 you give your money to a trustee to hold for your benefit. Why would that be any safer? Actually it's probably less safe to give cash than real estate.
But if you use a well-regarded escrow holder that has been around for a while (in states that use title insurance, title companies often do or have an affiliated company that does the 1031 exchange. I'd think your money would be pretty safe.

Get referrals to a company other people have used for 1031s - find out if they are regulated or insured. If they are, you will be pretty safe.
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Stu
http://DownToEarthLawyer.com
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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 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.
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