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What is a 1031 exchange? Infographic

They say a picture is worth a thousand words. In this infographic, we've broken the 1031 exchange process into a series of simple steps.
1031 exchange infographic

They say a picture is worth a thousand words. In this infographic, we've broken the 1031 exchange process into a series of simple steps:

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What is a 1031 Exchange explained via infographic
 
Updated 3/03/2022.