Reverse 1031 Exchange Explain ?
I am looking for anyone who has done a reverse 1031. In this you buy the new property first, it is held under a SMLLC title by 1031 intermediary and then you sell the existing property. This eliminates the risk of not being able to find the new property after selling your old one and then end up paying capital gains. If you did a reverse 1031, how was experience overall? Did you had issues with mortgage lenders raising concerns about holding title of new property in SMLLC until 1031 completes?
Were you able to do this this past year? Did you ever end up doing this?