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What is equity exchanging?  Inside a 1031 exchange, you can trade, swap and sell real estate.  For example, You have 6 single-family residences and you want to swap those for 3 duplexes.  You are able to swap without having to go through typical means of selling or having capital gains tax.  1031 exchanges come with rules and guidelines but it is a great way to protect your investment portfolio.  This is a great show and explains in detail how to exchange real estate.