The Qualified Intermediary provision of the Section 1031 Like Kind Exchange is the only flaw in an otherwise perfect system. But it is a fatal flaw. Whatever you do, do not sign any document turning over your Net Sales Proceeds to a Qualified Intermediary to put into...
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Qualified Intermediary
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With a Section 1031 Exchange, Can I Buy Another Investment Property First, and Then Exchange the One I Already Have for It?
Overview A Reverse 1031 Exchange is the same as a Delayed 1031 Exchange, except that the Exchangor does things backwards. He purchases the Replacement Property before he sells the Relinquished Property. That’s why it is called a Reverse 1031 Exchange. The problem with...