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Updated almost 4 years ago on . Most recent reply

Kesete Thompkins's profile image
Kesete Thompkins's profile image
Kesete Thompkins
  • Investor
  • from Pittsburgh, PA
  • Member since Nov 26, 2015
  • Posts 56
  • Votes 24
  • Experience 10 Yrs
  • Investments 6
Connect

User Stats

56
Posts
24
Votes
Kesete Thompkins's profile image
Kesete Thompkins's profile image
Kesete Thompkins
  • Investor
  • from Pittsburgh, PA
  • Member since Nov 26, 2015
  • Posts 56
  • Votes 24
  • Experience 10 Yrs
  • Investments 6
Connect
Kesete Thompkins
  • Investor
  • Pittsburgh, PA
24
Votes |
56
Posts
1031 Exchanges

1031 Exchange.... HELP ME PLEASE!

Kesete Thompkins
  • Investor
  • Pittsburgh, PA
Posted

Hello BP family. I have two questions as I embark upon my first 1031 exchange and I need your help. Here are my three questions...

1. Can I do a 1031 exchange to close on a property that I currently have under a seller-financing deal?

2. Can I do a 1031 exchange to 2 properties? We have two deals lined up that will qualify as 'like kind' investments.

2. What happens if I have money left over after the 1031 exchange(s)?

3. Can my tax accountant act as our intermediary? Our tax accountant has been very reliable and I'm not sure how to vet possible intermediaries.

Any ideas/thoughts are welcome. Thank you in advance for your help.

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