45 Day Period of Identification

[Ron Masters]

Since the 45 day identification period can be tricky time wise, even if 

and taking into consideration that I have investigated properties even before the closing of escrow, which I have the option to extend,

I heard there's a plan B just in case but am not sure of the details, please let me know if this can be done or is a gray area of the law, sorry if I cant describe it accurately since I'm not familiar with it.

First always leave 1 spot open , of your 3 picks

Then you can technically backdate a purchase contract, because notifying a seller of property is another form of identification. ?????

So what you are saying effectively is I started negotiations within my 45 days identifications period. Ive been told Its real easy going past the 45 day period, but huge risks going over 180 days period. I would need to send a note that I have identified outside of their 1031 exchange company.

Please chime in, Im not understanding this process very well

[Wayne Brooks]

As far as I know, your contract date has nothing to do with the 45 day period. And I believe the “identification” has to be done through/with your QI, and notifying the “seller” is irrelevant.

@Dave Foster may know of the “trick” you speak, or can debunk it.