1031 Construction Exchange

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1031 EXCHANGE HANDBOOK ...

EXCHANGES OF A MORE ADVANCED NATURE

Construction Exchanges

In a construction exchange, you buy bare land with the exchange money and build a new building on the land. An Exchange Accommodation Titleholder (EAT) must buy the land for you and begin construction, but unlike an improvement exchange, you can close out your exchange before the building is completed. You must still complete your exchange before the 180 days are up. It is important to note, however, that you cannot take title to the land in your own name, or the exchange will be invalid. This is because you would be attempting to use part of the exchange proceeds for just the land, and the remainder for just the improvements and not for a completed improved property.

Home 1031 Exchange 1031 Podcasts Online Handbook 1031 Exchanges The 45 Day Rule The 180 Day Rule Qualified Intermediary Title Requirements Investment Value Timing Advanced Exchanges Common Ownership Refinancing Owner Financing Reverse Exchanges Improvement Exchanges Reverse Construction Exchanges Construction Exchanges Recent Developments Overview Exchange Proceeds Is Your Money Safe? Selecting Your Accommodator The Timeline Our Fee Schedule Newsletters 2008 Class Schedule FEA Code of Ethics and Conduct Office Directions Contact Us Links	1031 EXCHANGE HANDBOOK ... EXCHANGES OF A MORE ADVANCED NATURE Construction Exchanges In a construction exchange, you buy bare land with the exchange money and build a new building on the land. An Exchange Accommodation Titleholder (EAT) must buy the land for you and begin construction, but unlike an improvement exchange, you can close out your exchange before the building is completed. You must still complete your exchange before the 180 days are up. It is important to note, however, that you cannot take title to the land in your own name, or the exchange will be invalid. This is because you would be attempting to use part of the exchange proceeds for just the land, and the remainder for just the improvements and not for a completed improved property.

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