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Updated over 7 years ago,
1031 Exchange with two different intermediaries title companies
Hello all,
I would think this is rather common but I would appreciate it if someone have this experience and can chime in on the topic.
I have two properties that I would like to sell and have 1031 exchange into a larger property. These two properties resides in two different states and the current plan is to have the local title companies that process the closing do the 1031 exchange for each property as well.
I think it should be fine to define the same property for each exchange and roll them into a single purchase.
Any feedback is appreciated.
Thanks!
Tim