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Updated almost 10 years ago,
How hard would it be for a newbie to 1031 a house into notes?
If I've never done a 1031 or notes how bad/hard would it be for me to try to liquidate a house (I'll net about 170k) and use my QI to hold the money and obtain notes instead of new properties? I assume this is a valid use of the 1031, since it can be used to swap houses for land, commercial buildings, etc.
Would there be a problem finding the notes within 45 days? What does one look for to get a good return on the note but not get a second-position note (or is that OK)? Does anyone on here specialize in arranging such a transaction?