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Yes, it is absolutely possible. Your realtor is referring to a reverse 1031 exchange transaction where you can acquire your like-kind replacement property first and then you have 45 calendar days to identify what property you are going to sell ("relinquished property") as part of the reverse...
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Hi Board contributors! I wanted to run something by you guys, since it sounds either wrong or crazy to me. I just found a great piece of property that I would love to buy, and my realtor is telling me I can buy this property as part of an exchange BEFORE i actually sell the property I'm trying to...
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