Updated over 4 years ago on . Most recent reply
1031 identifying a property question
Hello,
I'm currently selling a property and will be utilizing a 1031 exchange. The property will close in 2 weeks. I have found a new property that I want to buy with the 1031 exchange. Am I allowed to put an offer in on this new property now, and then "identify" the new property immediately after I close on the property I am selling? Would there be an issue with the contract date on the new property occurring before the date that I close on the property that I am selling?
Thank you for your help!