1031 Reverse Exchange
Looking for a fast, flexible financing option for your reverse 1031 exchange?
A 1031 reverse exchange is a type of like-kind exchange that allows real estate investors to purchase a replacement property before selling their existing property. This is the reverse of a typical 1031 exchange, in which an investor sells their existing property first and then uses the proceeds to purchase a replacement property.
In a reverse exchange, the investor must work with a qualified intermediary to hold the title to the replacement property until the original property is sold. This allows the investor to take advantage of a great investment opportunity without having to worry about missing out while waiting to sell their existing property.
A 1031 reverse exchange can help investors avoid potential tax consequences associated with a failed exchange. If an investor completes a traditional 1031 exchange and is unable to find a replacement property within the required timeframe, they may be subject to capital gains taxes on the sale of their original property. By completing a reverse exchange, investors can avoid this risk and have more flexibility in their exchange strategy.
48 Hour Closing
We can close a deal within 48 hours, which is critical when you need brief timelines to rehab your replacement property.
We offer a wide range of loan options to meet your specific needs, including fix-and-flip loans, buy-and-hold loans, and more.
No Draw Inspections
Our draw process requires no inspections, so you can complete your project quickly without having to wait for appraisals or other time-consuming evaluations.
We Are Local Investors
Our team of experienced professionals understands the local real estate market and can provide you with the guidance you need to make informed investment decisions.
Intrust Funding has a deep understanding of the 1031 exchange process and the unique needs of real estate investors in Washington state. We can provide the guidance and support investors need to overcome common challenges and complete their 1031 reverse exchange efficiently and effectively.
James Dainard Explains Reverse 1031 Exchange
We help with 1031 Exchanges for real estate inevestors moving equity from
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to Washington state.
Reverse Exchange 1031
Overall, using a hard money loan in conjunction with a 1031 reverse exchange can be an effective strategy for real estate investors looking to take advantage of new investment opportunities and grow their portfolios. It’s important to work with a qualified intermediary and an experienced hard money lender to ensure that the exchange is completed smoothly and efficiently.
There are several 1031 reverse exchange rules that are relevant to real estate investors in Washington state. Here are a few key ones to keep in mind:
Qualifying as a Related Party Exchange
A qualified intermediary can also help with the complex paperwork and other logistics involved in the exchange process, including the transfer of title, coordinating with the investor’s attorneys and accountants, and ensuring that all funds are properly held and disbursed.
Reverse 1031 Exchange Example
A real estate investor in Washington state has identified a great investment property that they would like to purchase, but they haven’t yet sold their existing property. The investor is concerned that the new property will be sold before they are able to sell their current property, so they decide to use a reverse 1031 exchange.
In a reverse 1031 exchange, the replacement property is purchased before the original property is sold. To complete the exchange, the investor must work with a qualified intermediary to hold the title to the replacement property until the original property is sold.
However, the investor doesn’t have the funds available to purchase the replacement property outright. They decide to work with a hard money lender, such as Intrust Funding, to secure a loan for the purchase.
Intrust Funding is able to provide a loan for the full purchase price of the replacement property, which allows the investor to complete the reverse 1031 exchange.
Thanks to the reverse 1031 exchange and the hard money loan, the investor is able to secure the new investment property before it is sold to someone else, without having to wait for the sale of their original property. They can continue to grow their real estate portfolio and take advantage of new investment opportunities without having to worry about missing out on a great deal.