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Updated over 4 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,050
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1,889
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Running out of time for 1031 exchange, what to do??

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I did two before in 2017, and it was tight then, days left in one case.

But now it's 12 days away and no luck in my area.

I started to look at multi family and single family that have sat 3 months hoping to go mutual and found out the hard way why they have sat; the seller and their agent advising them have unreasonable prices and demands (one guy wanted 60k over comps and 5k earnest money to keep as soon as we were mutual πŸ™„πŸ™„πŸ™„)

So I'm tempted to buy in Florida out of state and eat the property management costs. I plan on eventually relocating to FL anyways. It's much less competitive than King, pierce and thurston counties of the Seattle area.

Any other options?

I don't want to pay 40 to 80k cap gains tax πŸ™„πŸ™„πŸ™„πŸ™„

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