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1031 Identification question
I know there are a lot of 1031 experts on here so appreciate you reading the post. I tried to do some searching and could not find this. The identification period begins when the property is sold. Say you have prospective properties under contract while the property you are selling is under contract. Can you identify the prospective properties you have under contract as the replacements so long as you close on them after the sale of the property you are exchanging out of?
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If I understand the question correctly, the answer is yes. Just make sure you do not close on the replacement property before you close on the property you are selling and leave yourself some wiggle room for unforeseeable events. Planning to close together can backfire as I have seen it happen more than one time for sure. Good luck