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Mel Rosario
  • Investor
9
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21
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Want to do a 1031 for first time

Mel Rosario
  • Investor
Posted

1.  What is average cost? For 1031 admin and using an accommodator, or are they in the same place?

2.. sell in cali and buy in vegas is my plan

3.  Anyone have recommendations in this state with accredited companies?

The propertybis almost sold, and i have already searched for other rentals in the vegas area with some in mind if the deal goes through.

Thanks

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
10,377
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Reach out to @Dave Foster. You can search for him here on BP and see how many times he has reached out to help people with timely expert advice. 

I used him in 2023 and it was $1,000 give or take? ($700-1,300). I didn’t really matter as it helped me save/defer $60k in taxes. 

Just make sure you have your QI in place BEFORE you sell and never touch the money. 

On a side note I also used John Maher at Key Properties to sell< purchase and run my property if you don’t have that lined up yet. Good luck and congrats on escaping CA. Welcome to NV.

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