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BUY NOW SELL LATER: The Reverse 1031 Exchange
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Reverse 1031 Exchanges With Bill Exeter, CEO of Exeter Companies
You want to upgrade your property and get better cash flow BUT you don’t want to sell your current building before finding your up-leg property . This is the constant dilemma of what comes first.
Why you want to find the property first:
· Your departing property is easy to sell but the new one is not as easy to find and buy.
· You don’t want to buy under the pressure of the 45-day time clock ticking on the identification period.
· You don’t want to pick something just because time ran out.
· Sellers don’t want contingent offers even in the commercial area.
Sometimes the great deal shows up when you least expect it and you have to move FAST to get it – no time to market and sell the old property. How do you buy that one first and still qualify for a 1031 exchange?
Enter the Reverse 1031 Exchange!
And there are 2 ways to do them. Join us as we discuss the 2 ways to BUY NOW and SELL Later using the Reverse Exchange, unless you have a ton of cash, you will be glad to know that we will also discuss how to finance the whole thing.
Bill Exeter has been in the financial services industry for over 40 years. He has administered, in excess of, 125,000 1031 Exchange transactions, is one of the founding members of the 1031 Exchange industry’s trade association, the Federation of Exchange Accommodators, and has administered thousands of Self-Directed IRAs and Individual 401(k) Plans and Custody/Investment Accounts during his extensive career.
#reverse1031exchange #billexeter #athenapaquette
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