I work with lots of Real Estate Investors. Normally I think of a 1031 Exchange as a way to sell a property and get another and avoid the Capital Gains Tax. Sometimes it gets legitimately a little more complex than that.
However, leave it Wall Street to manipulate the system and turn it into a High Risk Investment Product.
I read this article from Money Magazine that I linked Via The Wall Street Journal.
If any Investment is too complex to understand get advise from a 3rd party.
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