10 Steps to a Reverse 1031 Exchange

Provided for by IRS Revenue Procedure 2000-37 (Rev. Proc. 2000-37), reverse 1031 exchanges allow exchangers to purchase a replacement property prior to selling a relinquished property in a 1031 like-kind exchange.

[@karanatrv]

I was thinking of doing a reverse 1031. After first few minutes of this video I was like .... "fuck it I will pay the damn taxes" :). The video is very effective.

[@audreyaloha7749]

Paid by the IRS 🤣

[@fan3002]

LMAO

[@maryannmelford1466]

Thank you for providing straightforward information!

[@CycleGirl-77]

Good, clear explanation of a complicated process. Thank you!!

[@Divan108]

Fantastic explanation

[@MarkWeiss100]

Fantastic breakdown!

[@jeffdtre]

Great video i have an exchange i would like to get the ball rolling.

[@ucjustice1]

Can I just use my existing sole member LLC to purchase the Replace property; then later sell my Relinquish property; and after that buy my Replacement property from my LLC?

[@andrewp.ellison17]

Great explanation of the reverse exchange process. What are the fees associated with this process?

[@221rosita]

How much does all of this reverse 1031 exchange cost approximately?

[@ronsevert2139]

2000+ IN ATTY FEES ABOUT 500-750 IN QI EXPENSES

[@hermanchan6260]

@@ronsevert2139 Hi Ron, has the cost gone up? Looking into this now. It would cost the same as regular 1031?

[@zackdreamcast]

why wouldn't you just set up your own LLC from the start and not go through accruit? Seems like there is unnecessary complexity but bringing accruit into the mix.

[@rogersullivanrealestate2851]

Not sure if you are still monitoring this..... What if the home does not sell in the 180 day window? Can XYZ LLC be Quit claimed somewhere else and then just use a forward exchange?

[@herciliahill4774]

I sell the property I own and get the cash for the sale. Why can't I just go buy the property I want with the money without having to form an llc?

[@mptorecon]

Can you do this after the fact? Customer owns the home now (purchased in July 2020) and now just sold home in May 2021.

[@tomp6190]

if i have a loan with sba to buy the replacement property, will sba allow for me to park the replacement property with the EAT/SPE?

[@kidbowjb]

Where do you get the 80%

[@1031ExchangeExperts]

Need the UPDATED basics in 1031 exchanges? In this episode, top exchange facilitators focus on 1031 ID rules, stated and in application! kzbin.info/www/bejne/hn6nkoGZjKegZ9E