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You need to sell property A, and the proceeds need to be sent to a qualified intermediary. That doesn’t mean you can’t have Property B already lined up, you just need Property A to close first. In fact, if you can have Property B lined up and guaranteed, that’s a huge help.
I don’t know the answer to your title question.
You are so helpful. Thank you.
Sounds like a reverse a 1031 exchange, which if done properly is allowed. No need to sell first.
The problem here is, I would then have to qualify for a loan etc. For a reverse1031 exchange, am I allowed to own property A and B at the same time?