first time consideration for the 1031 exchange process f

[Deidre M Lewis]

Good evening, can someone walk through the process for a 1031 exchange and willing to walk me though my first one.  

[Dave Foster]

@Deidre M Lewis, Your actions as the investor doing the 1031 are going to be exactly what you would normally do to sell and purchase investment real estate.  And you'll use all of the same professionals you normally use with the addition of a qualified intermediary whose only role is the 1031 exchange.

The 1031 starts with the sale of your old property (and the QI must be in place prior to the closing of that sale).  And it ends with the purchase of your new property with some timelines and regulatory hoops to jump through in the middle.  

But done correctly the 1031 should be a seamless almost invisible process for you with the QI as your guide.  

I'll reach out via pm to put some more resources in your hands.