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Get StartedThe most common type of 1031 exchange is a delayed exchange, also known as a forward exchange. In this scenario, the relinquished property is sold first, and then the replacement property is acquired within a specified timeframe.
A reverse exchange occurs when the replacement property is acquired before the relinquished property is sold. This type of exchange is more complex and requires careful planning and coordination.
Also known as a construction or improvement exchange, this specialized type of 1031 exchange is where the property is not yet constructed at the time of the exchange. This may be right for you if your replacement property is still in the process of being built.