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Updated over 2 years ago on .
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I have a 1031 exchange 2 M total
My wife and I sold a 4 unit apartment and left with about 500 K in equity with total sale of 1.08 M. Plan is to buy total of 2 M in real estate through a 1031. Prefer California and but open to other areas and other types of real estate . Curious what some ideas would be that somebody would want to do in this type of market.
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Are you currently working with a Qualified Intermediary? Sometimes folks are surprised to learn that the QI needs to be engaged before the sale happens and the proceeds need to go to the QI.
Myself, I'd never invest in CA. The 1031 does have a relatively short window to identify and close on a new property, are you familiar with any markets outside of CA?