Reverse 1031 Exchange - Who has done one?

[Jake Andronico]

I have a client in Reno doing two reverse 1031 exchanges and we've been able to secure some great deals putting out some cash offers (both weren't even countered). 

I'm curious, has anyone else done a reverse 1031 exchange before? What're the pros and cons in your opinion? 

[Arn Cenedella]

@Jake Andronico

I’ve looked into them but have never executed one.

Let me say they will be expensive and complicated.

I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.

On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.

I use First American Exchange for my own account a dozen times and they have been right on the money.

Google them and reach out.

Arn