Posted by Rick Vesole on December 31, 2000 at 12:56:50:
The best way to do a multiple property exchange is to tie up the replacement property before you sell the properties you already own. You could tie the replacement properties up with an option.
Another possibility is to find someone you trust - who is not related to you - to buy and hold the replacement properties until you have sold all of your properties.
After you have sold all your properties, you complete your exchange by purchasing the replacement property from your friend. This gives you up to 180 days to complete your exchange. This is similar to a reverse exchange - which you could also do. I understand that there are new regs out on reverse exchanges - but I haven’t seen them yet.