Referral for 1031 EAT

[Wilfred Diaz]

Hello Everybody, I will be selling my current home and purchasing a new home(that will need some remodeling) with the hopes of using a 1031 exchange. I would like to know what this process is like. Here are my details. I will be netting approximately $450k cash from the sale of my primary residence. I intend to purchase my new home for $680k, but intend to do approx $30k in remodeling. How can I use some of the cash from the sale of primary residence via the 1031? If possible, I plan on selling my residence first and living in the new home during the remodel, which I plan will take 2 months. How would this transaction work and how much would it cost to use an EAT? Thanks in advance!