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1031 Exchanges

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Wholesaling 1031 Tax Exchange Properties

Tamara MacDowell
Posted Jul 8 2019, 20:45

I have under contract two different properties requesting a 1031 Exchange. Is it allowed to play “MatchMaker” aka Wholesale, by bringing the two together, assigning my interest in the transaction and collect an assignment fee? For instance, A property is located in Arizona I have under contract. B property is in North Carolina I also have under contract. Can I Assign my interest in Property A to owner of Property B and Assign my contract for Property B to the Owner of Property A in a 1031 Tax Exchange and collect my Assignment Fee? Thank You  

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