Updated about 11 years ago on .
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1031 help needed
I have an half acre I want to sell to pay down a loan for another home that I have an accepted offer on. Am I too late?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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You can do a Reverse 1031, whereby you buy the replacement property prior to selling the existing. Not sure on the exact procedures. I can't tag Bill Exter, maybe someone else can.