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Updated almost 9 years ago,
reinvest in already purchased property
I'm going to be doing a 1031 exchange sometime in the next few months. (existing tenants will buy a rental property -- exact date not set yet.) I plan to roll the proceeds into a 1031 property. However, I just saw a property that I am interested in right now. Could I buy that property now (assume I could make the deal) and then move my 1031 exchange proceeds into that property when the 1031 exchange is finalized?