If my intent is to do a1031 exchange, do I need to sell Property A first, before purchasing Property B? Or, can I purchase property B before selling property A in order to qualify for a 1031 exchange?

When I buy property B, can I add someone else’s name?

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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.

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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?

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