1031 and Realty Mogul

[Larry C.]

Hi,

I want to ask are there any members who have experience with Realty Mogul investment through a 1031 exchange?  I  am currently selling a Chicago two-unit rental building that will net approximately $200k that will close in less than a month.  Realty Mogul seems like an easier way to invest the funds without a lot of time-consuming efforts in a typical exchange.  The platform indicates that there are no agents, escrow or closing costs.  I want to check with you all if anyone has experience with Realty Mogul and 1031 exchanges.  Thanks.

[Larry C.]

Thanks so much Dave for your detailed response. I will keep digging into this area so I could figure out might work best in this and future situations.