While a forward 1031 exchange allows you to first sell your investment property and then buy another one, reverse 1031 exchanges does just the opposite. So if you identify a property you want but still haven’t sold your existing one, that is okay. A 1031 reverse exchange can be done for a variety of assets and provides the flexibility needed to make a 1031 exchange work while accommodating the needs of your business.
Because they are less common than 1031 forward exchanges, not every 1031 qualified intermediary (QI) is experienced with reverse exchanges. So if you think a reverse 1031 exchange is the way to go for your business needs, make sure you choose a QI who can easily handle it.
As the leader in 1031 exchanges, NES Financial offers a highly experienced team of exchange specialists. In fact, our General Counsel is a recognized expert on 1031 exchanges, having developed significant 1031 guidance during her tenure at the IRS National Office in Washington, D.C.
Our company processes over $75 billion of exchange funds annually and has dealt with a variety of exchanges across an array of asset classes, including real estate, oil and gas, and even artwork.
So whether you decide to conduct a forward or reverse, choose a proven 1031 exchange specialist who can help make sure everything goes as smoothly as possible and your exchange is successful.
What is a 1031 exchange? Learn more by downloading our 1031 Exchange Kit.
Allow us to address your business needs by contacting us. We look forward to hearing from you!