Updated almost 5 years ago on .
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1031 Exchange.... HELP ME PLEASE!
Hello BP family. I have two questions as I embark upon my first 1031 exchange and I need your help. Here are my three questions...
1. Can I do a 1031 exchange to close on a property that I currently have under a seller-financing deal?
2. Can I do a 1031 exchange to 2 properties? We have two deals lined up that will qualify as 'like kind' investments.
2. What happens if I have money left over after the 1031 exchange(s)?
3. Can my tax accountant act as our intermediary? Our tax accountant has been very reliable and I'm not sure how to vet possible intermediaries.
Any ideas/thoughts are welcome. Thank you in advance for your help.