Updated over 1 year ago on .
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1031 exchange before closing
Hi 👋🏽 I’m closing on my property in 4days but I just realized that it may make sense for me to consider a 1031 Exchange. I’m expecting a net proceeds of about $200k. I do not want to reinvest all the money in a property as I need some of the cash to pay down other debt. Do I still have time to start an exchange with a qualified intermediary or am I better off just paying the taxes? Appreciate any help or suggestions.
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@Arielle Deane talk with @Dave Foster today...now! Please DM me as well so we can talk through what you may be looking to do.