The reverse 1031 exchange can be thought of as the unassuming yet massively profitable cousin of the regular 1031 exchange. If you want to avoid capital gains, grow your real estate portfolio, and still participate in the 2022 housing market, then this is a strategy you need to start using ASAP. While most investors have heard of the 1031 exchange, few investors know that you can take its same tax-deferring principles and apply them in a way that lets you buy a home before you sell one.
Yep, you heard that right. Throw out the identification and closing timeline of regular 1031 exchanges. Now, you can take your time to make better offers on bigger properties, without hearing the “tick-tock” of the IRS’s wristwatch in your ears.
Want to get in on the tax-deferring action? Watch this video to learn exactly how to start a reverse 1031 exchange.
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