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1031 Exchanges

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Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
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221
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Brokers says he cannot arrange a direct 1031 exchange?

Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
Posted Aug 3 2009, 08:56

We've been talking to some brokers about a 1031 exhange. They explained to us that it is almost impossible to arrange a direct property to property exchange, that we would have to sell and buy within the allotted time period only.
Also they said it is practically impossible to arrange a contingency sale. Needless to say I was greatly disappointed.
Is it true that 99% of 1031 exchanges are done indirectly, not through a direct exchange one property for another? That seems like a risky way to do things.

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