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1031 Exchanges

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John D.
Pro Member
  • Rental Property Investor
  • La Quinta, CA
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Buy now, 1031 in later

John D.
Pro Member
  • Rental Property Investor
  • La Quinta, CA
Posted Apr 24 2019, 09:36

Short version:  I have a few properties for sale, likely to sell in the next 2-3 months, whose proceeds I would like to 1031 exchange into a new much larger property.  Unfortunately the property I would like to purchase will sell soon, and definitely won't be around in a few months.

Can anyone give me some advice regarding having unrelated party buy it now, and then I would purchase it from them a few months later using my 1031 proceeds?  Any red flags?  

Also, longshot, but anyway to avoid paying the transfer taxes and recording fees twice in that instance?  Perhaps I buy the entity holding that property along with the property?

Appreciate any advice, while experienced in many facets of real estate, I am out of my depth here.

thanks!
John

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