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Edward Burke
  • Rental Property Investor
  • San Diego, CA
29
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60
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Reverse 1031 Exchange - Possible?

Edward Burke
  • Rental Property Investor
  • San Diego, CA
Posted Mar 7 2018, 17:36

I have three properties currently in escrow, and just listed a property for sale.  Here are the facts:

  • Properties in Escrow (all in St. Louis)
    • 4 family - $349K (Closes March 22nd)
    • 4 family - $310K (Closes March 29th)
    • 4 family - $290K (Closes April 22nd)
  • I have a property for sale in San Diego (listing tomorrow).
    • SFR - $650K

I can close on the existing three, and was then planning to perform a standard 1031 exchange and purchase more properties.  However, has anyone done a reverse 1031 exchange?  This appeals to me as I know I want these properties, and I won't be under the gun to find other properties within 45 days.  I can purchase additional properties at my leisure, or not at all.  I know that this process can be complex, so I would love any opinions on the matter.  For one, did I give myself enough time to even accomplish this?  See the link below on reverse 1031 exchanges....

http://www.atlas1031.com/exchange-types/reverse-10...

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