To refinance your Section 1031 Relinquished Property or Replacement Property, pre-Exchange or post-Exchange, causes taxable “boot” unless you do this!
A good Dictionary is critical for understanding the language and meaning of Section 1031. The words and phrases have meanings that are unique to the situation.
A Construction Exchange, aka Improvement Exchange, lets you build or rehab your Replacement Property before you buy. Here’s how you can even close before completion.