David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether a reverse exchange let you start a 1031 exchanges before selling a property. In short, you definitely can, but one needs to look at timeframes and whether or not it is the best decision.
We’re doing a lot of them in today’s market. I would probably discourage people from looking at a reverse as the first option. Use it as a fall back. And what I mean by that is go ahead, make the offer, ask for whatever time you feel you can. If you can get it done as a delayed exchange, great. If it has to be a reverse, we can always use that as a fall back. – David Moore, Equity Advantage
If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.