All Forum Posts by: Joe Fish

I'm looking to do a 1031 exchange in about a year and wondered if it's possible to secure the replacement property with an option contract before then, sell & close on the original/relinquished property, then close on the replacement property. The option period would extend beyond the timeframe that I intend to sell my currently owned property. I'm aware of the reverse exchange and how that works, but I would not want to close on the replacement property before selling so I don't think that applies here. I haven't seen this scenario discussed anywhere and would appreciate any feedback on this idea. Thanks!  

Thanks for sharing this info!

My two cents… finding a multi family opportunity in a good neighborhood in Columbus for $100k is unrealistic. I bought a 2BR / 1BA single family home for around $100k in an okay, but not great neighborhood (Merion Village) over 10 years ago. The area has appreciated substantially since then. Any MFH for $100k is going to be in a sketchy neighbor or need significant work.