Hi BP, 

I found a commercial property that I really like but the agent is telling me he won't share the financials on the property because the owner isn't ready to "market" the property unless he finds a 1031 Trade. It's already on LoopNet so our definitions of "Market" are clearly different.  I'm kind of at a loss here as I've told the selling agent there may be an opportunity for me to pay in all cash and pay way over ask, but obviously only if the numbers work for me. 

I've never run into someone only willing to do a 1031 Trade and since I don't have a property to trade down to I don't know how to go about convincing this seller to sell me the property and just do a 1031 exchange within the normal window of time, like everyone else in commercial real estate. 

Any advice? 

Am I crazy in thinking this person is looking for a needle in a haystack when looking for a 1031 Trade?  Trade only? They'll have to find someone willing to do a very large down Trade as the seller (like most normal people) is trying to do a 1031 Trade up, to a much larger property. 

Thanks in advance! 

Tom