10 Steps of a 1031 Reverse Exchange

10 STEPS TO A 1031 REVERSE EXCHANGE

Author: Heather Connor, your Crested Butte Lifestyle Agent

The Reverse 1031 is a powerful tool that a lot of folks don’t often realize that it’s available to them. It’s going to sound very similar to a typical forward exchange except the difference is that you are performing the steps in reverse. There are going to be a few things to be mindful of, such as the fact that the cost of an Intermediary and Exchange company or the Special Purpose Entity (SPE) is going to be significantly more expensive. They will have to be more skilled and perform more steps, but the positive aspect of it is that it gives you a lot more leverage in a market that would be considered a typical seller’s market. As long as you have the finances or resources to be able to purchase the replacement property first, this is a really powerful tool.

If you have any questions, you can call or text me at 970.440.2975 or email: heather@cbblackdiamond.com

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