A 1031 exchange’s Phase 1 or Down Leg is the part of the process in which the relinquished property is solid and all of the necessary paperwork for this process is signed and completed.
1031 Exchange – Phase 1
A 1031 exchange’s Phase 1 or Down Leg is the part of the process in which the relinquished property is solid and all of the necessary paperwork for this process is signed and completed.
