Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Krish Sav
2
Votes |
6
Posts

Need help - first time home seller

Krish Sav
Posted

Hello experts,

This is my first time selling a property and need some guidance. Appreciate any help/pointers. I have a town home (Tampa) which I want to sell and do 1031 exchange to buy an STR.

Need help with following:

1. I already found a buyer. Since I don't need an agent, how can I have this transaction done using the title company ? Can I directly contact the title company and they will help with escrow or Do I need to hire a lawyer who can help with both title company and sale ? Any recommendations for lawyers/title companies.

2. I want to do a 1031 exchange, currently town home is on my and my wife's name. Does the new STR, have to be on the same owners ? If yes, can we create an LLC on both of our names and then use that instead for STR purchase ?

Appreciate any help or known vendors who can help me with a good price. The bottom line is since I already did all the hard work, I want to see the best legally correct way to do the transaction.

Loading replies...