1031 exchange:
Types of 1031 Exchanges
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Because of the booming real estate economy, strong demand exists for "reverse exchanges" and exchanges involving construction of the replacement property. These types of exchanges require significant planning and expertise. Using a separate single asset, single member entity, we act as the warehousing or constructing entity for the property. We also act as the qualified intermediary retaining the traditional intermediary role in the exchange.
Example: In a "reverse exchange," we acquire the replacement property and hold it until the exchanger is ready to close the sale of the relinquished property. Then in a simultaneous exchange, the exchanger transfers the relinquished property to the buyer, using the qualified intermediary, and acquires the replacement property from us, again using the qualified intermediary. We charge a separate warehousing fee. We can also construct improvements for the exchanger while we hold the replacement property.
Please call us for more information on the type of 1031 exchange that suits your needs.