The Delayed, or "Starker," 1031 exchange is the most common exchange. In this exchange, you sell your investment property and then buy a new investment property within the specific time periods. The qualified intermediary holds your funds.

The Property you're selling and the property you're buying are closing at the same time or “simultaneously”! This exchange is the easiest and least expensive exchange possible, if you are lucky enough to get perfect timing.

With the reverse exchange documentation properly structured, you can buy what you want before you sell what you've got! This exchange is the most complicated and expensive type of 1031 exchange.