Best place to Find 1031 Buyers?

Question

Hello,

We have numerous income generating Ag land opportunities in Wisconsin and Illinois. Finding buyers for this type of investment property is not as easy as commercial, or multi family. However it remains one of the best RE investments of all time. We do a lot of 1031 sales since with vacant land it typically makes for a very seamless sale. If I wanted to find a list of 1031 buyers where would the best place to be to find them so we can market our listings directly to them?

Thank you,

Peter Falk · Answer

Yes, as noted unless doing a less common reverse exchange, where they'd buy your farmland first and then sell, the 1031 exchange buyer first must sell their investment property to become then become a 1031 buyer (with that 45 day time line to identify possible replacement properties starting).

Other than researching owners of those selling investment property, think getting information to brokers would be most efficient (assuming they would be assisting their clients in selling and then locating a replacement property). You could also add in your MLS comments that Ag land makes for an easy 1031 Exchange and maybe promote how its easy to manage/no maintenance (assuming you just figure out a crop lease with an area farmer).

Rebecca Knox · Answer

Look up Wisconsin Off Market Deals w/ details on Facebook

Best place to Find 1031 Buyers?

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