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What is a Reverse 1031 Exchange?

The reverse 1031 exchange is actually a misnomer. It represents an exchange in which the exchanger locates a replacement property and wants to acquire it before the actual closing of the relinquished or exchange property. Since the exchanger cannot purchase a replacement property then sell a relinquished property and expect to exchange into the new property that he already owns, he must find a method to purchase the replacement property and still maintain the integrity of the exchange.

AUTHORIZED PARTNER

CrowdPay is an FDIC insured bank account that you can use to purchase investment opportunities. You fund your CrowdPay account by ACH or wire transfer. All future dividends, interest payments, as well as revenue sharing payments will be placed into your CrowdPay account. You have the option to transfer funds into the account, withdraw funds from the account, or purchase additional assets at any time.

The account is held by GoldStar Trust Company, a trust only branch of Happy State Bank, and cash that accumulates in your new CrowdPay account is FDIC insured. Please follow the below link for additional important information regarding your CrowdPay account.

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