2018 goal, 1031 exchange

[Nicholas J.]

I’ve set a goal for 2018 to 1031 exchange one of my SFR with $100k of equity into a multi family property. I’ve asked thought a lot about it, what scares me is selling the house, and then not being able to identify a property in time. Is it possible to find a multi family seller first, willing to work with you on completing a 1031 exchange to purchase the property before selling my property first?

[Dave Foster]

@Nicholas J. suggested.

5. Start to think about real estate as a commodity.  what is available today will be available next weeks within limits - it will just be different addresses.  So if you can't find anything today you probably won't find it next week.  If it's there today there will be some next week.  Exceptions to this are very specialized sectors or very small markets.  

There is no penalty for starting and not completing a 1031 other than the loss of a fee.  So I would get focused looking.  Try to use a contingent sale and maybe get under contract for the purchase before the sale.  Then if it's looking hopeful execute the sale and consider the 750ish exchange fee as the cost to buy 45 more days of searching.