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1031 Exchanges
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Buying from a seller doing a 1031 exchange
I have seen a lot of properties lately on the MLS that disclose that the seller is doing a 1031 exchange.
Are there any benefits or different strategies of trying to buy from a seller doing a 1031?
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Bill Exeter
#2 1031 Exchanges Contributor
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Investors involved in a 1031 Exchange are generally motivated if they are within their 45 calendar day identification window. The 45 calendar day ID period runs very fast. If you are buying their relinquished property, providing them with a longer closing period could be a negotiating factor as it would allow them more time to find replacement property before their deadlines start to run.