Posted by William L. Exeter on August 11, 2003 at 17:48:11:
Yes, you can structure this as a Reverse 1031 Exchange pursuant to IRS Revenue Procedure 2000-37. You are able to acquire your replacement property first and then you have 180 calendar days in order to sell your relinquished property.
Reverse 1031 Exchange transactions are more complicated, involved and costly. I can walk you through the mechanical steps involved and explain the pro’s and con’s.
We have admininster 100’s of them. Email me with your contact information and I will be happy to discuss the specific details with you.
Diversified Exchange Corporation