Can I purchase my replacement property first?
Yes; this requires that you do a reverse exchange however. The reverse exchange ‘may’ be an option provided you have the ability to structure the reverse exchange according to the safe harbor guidelines.
Written by James Brennan on January 20th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Identification in the FIRST 45 days and Multiple-Property Exchanges and All the Questions You Were Afraid To Ask About 1031s.