Have you heard of a reverse 1031 exchange?

Yes. A reverse 1031 flips the usual order: the accommodator buys your replacement property before you've sold your existing one. In a standard forward exchange you sell first, the qualified intermediary holds your proceeds, and you identify and buy the replacement within the required timelines. In a reverse exchange, the accommodator acquires the new property for you and effectively parks it until your sale closes. It solves a real problem: you can lock down the property you want while it's available, instead of losing it because you haven't sold yet. The tradeoffs are cost and complexity. A reverse exchange costs more to execute than a standard one, and plenty of accommodators don't handle them, so you have to work with one that does. Where the structure earns its keep is on larger deals. Someone exchanging a multimillion-dollar property who could face several hundred thousand dollars in taxes if the exchange fell through can easily justify the extra cost of the reverse structure. As with any 1031, the timelines and mechanics are strict and the rules can change. Line up a qualified intermediary experienced with reverse exchanges and run the specifics past a tax professional before you commit. We can help you finance the replacement property; build the exchange structure with your CPA and accommodator.