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Reverse Exchange
Posted by: Alex
Date: July 16, 2005 08:54:48 AM

Just what is a reverse exchange?
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Re: Reverse Exchange
Posted by: REL
Date: July 17, 2005 08:01:11 AM

In a reverse exchange the exchanger first buys the replacement property being exchanged into and then has 180 days to sell the property being exchanged out of.
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Re: Reverse Exchange
Posted by: jeff
Date: March 29, 2006 01:16:21 AM

and they are expensive: the purchased property (the replacement) is placed into an LLC and you pay for the creation of it. Later, the title moves back to you when you sell the existing (replaced) property.
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Re: Reverse Exchange
Posted by: Ed
Date: March 29, 2006 02:53:41 AM

There is no legal/tax requirement to create a LLC in a reverse exchange.
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