How Would You Close This?

[Nick M.]

I'm trying to purchase a quad that sits right next to mine.  The owner and I have struck an agreement on price but he is dragging his feet, as he figures out how to avoid paying tax on a property he will be doubling his money on.

I suspect he is trying to find a property for a 1031 exchange, but with none in sight,  he is dragging his feet executing a purchase agreement.

Given this situation, any thoughts on how I can quickly purchase or otherwise take control of the property's cash flow?

[John Knisely]

Hey Nabeel. Surely you could enter into a contract that is contingent on him identifying his 1031 property, right? How soon do YOU need to acquire his property? If you think he is shopping your offer around then that changes things definitely. Otherwise I would stay friendly and maybe even offer to help him find that next property if you somehow can.