Implementing a 1031 exchange
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???