The most common 1031 Exchange structure is a Forward, or Delayed, 1031 Exchange where you sell your qualified relinquished property first and then acquire your like-kind replacement property at a later date. Closing both transactions on the same day is referred to as a Simultaneous or Concurrent 1031 Exchange. Closing the sale transaction first and closing the purchase transaction later is referred to as a Delayed 1031 Exchange.

The Reverse 1031 Exchange allows you to acquire and close on the purchase of your replacement property before you close on the sale of your current relinquished property. The Reverse 1031 Exchange transaction is permitted under Revenue Procedure 2000-37, which was issued by the Department of the Treasury and the Internal Revenue Service on September 15, 2000.

This tax-deferral strategy is especially beneficial in markets where there is an imbalance between the supply and demand for income producing investment properties or where the relinquished property sale transaction fails and you must acquire your like-kind replacement property first.

A Reverse 1031 Exchange gives you the flexibility to spend as much time as you need to locate suitable like-kind replacement property, without the pressure of the forward 1031 Exchange deadlines.

The Improvement Exchange allows you to structure a 1031 Exchange transaction to use the proceeds from the sale of your relinquished property to acquire and improve replacement property. In other words, your sale proceeds may be used to improve the acquired replacement property as part of your 1031 Exchange transaction.

Improvement 1031 Exchanges are combined or used in conjunction with either a Forward Exchange or a Reverse Exchange structure.