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Can I receive title to replacement property before giving up title to relinquished property?

April 26, 2017giving Property relinquished replacement title

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Can I receive title to replacement property before giving up title to relinquished property?

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Yes, this is a reverse 1031 exchange and has greater complexity and fees. However, the exchanger may not hold title to both properties at the same time. Instead an Exchange Accommodation Titleholder (EAT) must hold title to one of the properties. Contact MEGA 1031 for more information on Reverse 1031 exchanges.