1031 exchange before closing

[Arielle Deane]

Hi 👋🏽 I’m closing on my property in 4days but I just realized that it may make sense for me to consider a 1031 Exchange. I’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.