1031 Exchange Question
Hello. I do most of learning from podcasts and videos from YouTube. I feel that I have a good plan for myself by selling several of my homes and buying a multifamily unit with a 1031 exchange.
However I feel somewhat stuck. I would love to coordinate the purchase of apartments but I don't know of any seller who would wait for my properties to be sold. So it would seem a group of investors would be beneficial, such as Lifestyles Unlimited Inc. At my current level of experience, I would benefit most from being a preferred member but it costs $20k... seems a but much and they won't clarify rates of return when I email them.
So I'm wondering how other people coordinate a 1031 without club memberships. Did you know other investors/sellers? Did you sell your property at a low price to get rid of it quickly? Did you sell more than one property for a single 1031 exchange?
PS
I think this would be a good blog topic... breaking down a 1031 exchange process.