ANI X31, Inc. is an IRS Code Section 1031 Exchange "Accommodator" or "Qualified Intermediary" conducting business out of California and Arizona. The Company offers transparent, safe, easy and effective ways to facilitate the exchange process. Its skilled staff and their in-depth experience help instill security, confidence and peace of mind into the enormous and sometimes intimidating task of exchanging in and out of real estate and other investments.
There are many reasons why a Tax Payer may feel the need to enter into a reverse 1031 exchange. Some of the more common ones are:
Market conditions may be such that the values of replacement properties are rapidly appreciating, or desirable properties are becoming less available. A reverse exchange allows you to acquire the right property before values get out of reach or the property is removed from the market.
You are ready to close on the replacement property, but the buyer of your relinquished property is unable to close on time. If you cannot extend the closing of the replacement property, then the reverse exchange may be your only option for tax deferral.
You have several relinquished properties to dispose in order to complete a typical deferred exchange within the statutory 180 days. Unfortunately, only some of the properties can be disposed within that time. By using these proceeds to acquire only a fractional interest in the replacement property, you can do a reverse exchange for the remaining interest, allowing for an additional 180 days to dispose of the remaining relinquished properties.
