Simultaneous Exchange
In a Simultaneous Exchange, the exchanger relinquishes their current investment property and acquires their replacement property on the same day. |
Delayed Exchange
In a Delayed Exchange, the exchanger relinquishes their current investment property and then acquires a replacement property at a later date. This is the most common type of exchange.
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Reverse Exchange
A Reverse Exchange allows the exchanger to first acquire their replacement property and then sell their current investment property at a later date. This is to the exchanger’s advantage when their desired replacement property is available for purchase prior to the sale of their current investment property.
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Construction Exchange
(also called Improvement Exchange or Build-To-Suit Exchange)
A Construction Exchange allows an exchanger to use the proceeds from the sale of their relinquished property to build on or make improvements to their replacement property.
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Tangible Property Exchange
Property other than real estate can be exchanged as well, such as construction equipment. The property exchanged must be ‘held for investment’ or ‘productive use in a business or trade’ and must be exchanged for property of ‘like-kind.’ |
