is a 1031 not worth the hassle?

[Joe Smith]

Hear me out...I've thought of doing one, but then when I research it, I only have 180 days to find a replacement property. With the way I buy property, there's no guarantee I'll find something acceptable in that timeframe.

Has anyone else run into that with a 1031? Have you felt "pressured" to buy a less-than-ideal property just to make it happen?

[Chris Clothier]

Joe -

We recently completed a 1031 exchange for a client who sold one industrial property in California and purchased 14 SFH in Memphis. The tax and estate planning that they were able to complete on this transaction made it worth its wait 10x in gold for the client (their words not mine!). You can identify property well in advance of the transition into your 1031. I think it is absolutely worth the time and possible hassle it takes, but in the end, only you can make that decision. If you think you will feel pressure and may make a bad buy, then let the 1031 fall apart. I would absolutely enter into one though to take advantage in the scenario that you do find a suitable property.

Chris