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.
A Reverse Exchange allows you to buy your Replacement Property while still controlling your Relinquished Property for up to 180 days, keeping the income.