Need 1031 Exchange Recommendation
Hello,
I am a new investor and I am ready to sell my first flip which turned out to be a home run (thanks to my mentor -- and informational sites like this one)! :D
I plan to use all the proceeds from the sale for the next flip or two, I think 1031 exchange would be perfect to avoid / delay the capital taxes. Can you guys recommend a 1031 company that you normally deal with?
What type of fees do you normally incur when doing a 1031 exchange? One company I looked at charged $1000 for sell side and $250 for buy side. Another one had a flat fee of $750.
If you going to use 1031 for rehab costs, would additional fees apply or would that all be considered as a single buy transaction?
Any advice and help for my first 1031 exchange would be highly appreciated!
Thank you!