Reverse 1031 Exchange

[Ron Drake]

I am trying to figure out the logistics for a possible 1031 exchange in the future on a rental house I bought in 2002.

I may buy a new house and that would be one of the reasons for doing a reverse exchange. I don't think most new home builders will cooperate with an exchange otherwise.

if I buy the replacement property first, do I have 180 days to sell my existing property? Are there other deadlines to meet?

Is it acceptable to do a cash out refi on existing rental property prior to the 1031 exchange. Does this count as boot or are there seasoning requirements on this money?

Any insight is appreciated by all.

@Bill Exeter