Buy now, 1031 in later
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