different types of exchanges

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Services for Real Estate Pros with Exeter 1031 Exchange Services

Reverse Exchange:

A transactional structure where the like-kind replacement property is purchased first, prior to transferring (conveying or selling) the relinquished property to the actual buyer. The Internal Revenue Service provided guidelines (safe harbors) for structuring reverse 1031 exchange transactions, as outlined in Revenue Procedure 2000-37, effective September 15, 2000. Reverse 1031 exchange transactions structured pursuant to this Revenue Procedure are considered to be "safe-harbor" reverse 1031 exchange transactions and those structured outside of the Revenue Procedure are considered to be "non-safe harbor" reverse 1031 exchange transactions and should only be completed with competent legal counsel. Reverse 1031 exchanges are also referred to as parking transactions or parking arrangements.  You can read an overview of reverse 1031 exchanges or learn more by reading an Introduction Safe Harbor to Reverse 1031 Exchanges.

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Rainer
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Steven Monk

V. P., 1031 Exchange Expert
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