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Updated almost 10 years ago on . Most recent reply

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203
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64
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Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
64
Votes |
203
Posts

Implementing a 1031 exchange

Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
Posted

Since I'm in my very early stages of building my real estate portfolio, constantly I'm thinking about the way of optimal expansion. Of course this means that I have to have in place an aggressive but at the same time realistic business plan. This business plan from what I have read might require at some time a 1031 exchange. 

The general idea I get it. In so many books they are referring to 1031 exchange as a very simple thing. But then while I'm thinking the details of selling 3-4 SFH, and with all the time restraints how is possible to acquire a bigger property that suits your business model at that time period?

A house priced right will sell in 1-3 months. Time that you need to find the right property up to 12 months...how do you manage to make it work???

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