1031 exchange property swap

Steve,

 

I have property that has been purchased through a 1031 exchange, 140 acres for $110,000 roughly.  I will be trading for some commercial land, 25 acres for the same value.  How will this work?  Thanks again.

 

Dear S:  If the properties are or equal value and equal equity they can be swapped with both parties completing 1031 exchanges and possibly without the need of an escrow service like ours.  Sincerely,

Steve Hickox
Attorney / President

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