1031 Exchange Land Excess for Construction Not Boot?

[Pierre E.]

I know from searches that you can take a property, and 1031X it and purchase land for investment purposes.

What if I want to take a SFH property that I have, lets say its worth 500k, and 1031 exchange it to purchase land worth 100k and build immediately for something that will cost 550k to build ... is that do able in any possible way?

I am thinking its not, and also thinking a reverse 1031 might not work either since building on it would mean you already own it... But it would be a lot easier to

[Bernard Joseph S.]

It can be done, there are some extra details but yes. Identify the land + build cost within 45 days and complete the project within 180 days total. @Dave Foster will give you a more complete answer but you are not out of bounds.