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Updated 12 months ago on . Most recent reply

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Arielle Deane
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1031 exchange before closing

Arielle Deane
Posted

Hi šŸ‘‹šŸ½ Iā€™m closing on my property in 4days but I just realized that it may make sense for me to consider a 1031 Exchange. Iā€™m expecting a net proceeds of about $200k. I do not want to reinvest all the money in a property as I need some of the cash to pay down other debt. Do I still have time to start an exchange with a qualified intermediary or am I better off just paying the taxes? Appreciate any help or suggestions. 

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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
Replied

@Arielle Deane talk with @Dave Foster today...now! Please DM me as well so we can talk through what you may be looking to do. 

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