Need real estate agents in Florida and Texas to help find 1031

Investor · Denver, CO · Member since 2015 · 18 posts · 2 votes

Hello Bigger Pockets Community!

I am currently trying to buy a 5-plex in Denver. However the owner does not want to sell until he has a potential property to 1031 exchange it into in either Florida or South Texas.

The owner is looking for a small apartment complex in Florida or Texas or an RV Park. Can anyone in BP point me in the direction of RE agents in Florida or Texas that can help out potential buyers that are out of state? Any help or guidance would be greatly appreciated.

Thanks!

Erika

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Melvin ListBusiness Member
Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
9y
@Erika C. What areas are you looking to purchase. I have a couple rock star agents if you are looking in Tampa.
C2 Financial
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Erika C.
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Investor · Denver, CO · Member since 2015 · 18 posts · 2 votes
9y
@Melvin List Tampa would be good - would you mind DMing me the agents you recommend? Specifically I'm looking for agents that specialize in RV Parks and investment properties. Thanks!
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Thomas RutkowskiPro Member
Financial Advisor · Boynton Beach, FL · Member since 2015 · 834 posts · 798 votes
9y
Your seller has probably never heard of a monetized installment sale. They probably think that 1031 is the only way they can defer the capital gains taxes. Introduce them to this concept and you can close immediately. They'll have cash in hand and 30 years of continued tax deferral. They'll be able to take their time and look for their next property on their schedule, not the 45 days imposed by a 1031 exchange. And they'll start off with a new cost basis in the next investment.
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