Is 1031 exchange a disadvantage?
Hi there!An investor with experience in multiple properties advised me against using 1031 exchange because he stated that if the real estate agent knew that the buyer was using 1031 then real estate agent could use the time limitation against the buyer and not give the buyer a good deal.
The buyer is forced to buy at a higher proce because he has time working against him in a 1031 exchange. My question is this. Is this a valid point, and if so how does one use a 1031? Should one just avoid using 1031 and instead use equity of the property to move up to buy larger properties?
Thank you for your thoughts and wisdom.