Reverse Exchanges

This information reprinted with permission from Strategic Property Exchanges, the 1031 property exchange experts.

One of the most rewarding aspects in the practice of law is when we are able to solve problems for clients. Reverse Exchanges represent an area in which real estate attorneys and tax attorneys can assist clients in meeting their goals. Reverse Exchanges are ideally suited where:

- A real estate investor does not have the ability to identify suitable property within the 45 days and acquire such property within the 180 days.

- An investor must close on the replacement property before the sale of the relinquished property.

- The real estate investor wants the purchase side of the exchange tied down before the sale of the relinquished property.

- The client’s business needs require immediate purchase and/or improvement of the replacement property followed by the sale of the existing property once the client has moved into the replacement property.

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