Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Running out of time for 1031 exchange, what to do??
I did two before in 2017, and it was tight then, days left in one case.
But now it's 12 days away and no luck in my area.
I started to look at multi family and single family that have sat 3 months hoping to go mutual and found out the hard way why they have sat; the seller and their agent advising them have unreasonable prices and demands (one guy wanted 60k over comps and 5k earnest money to keep as soon as we were mutual 🙄🙄🙄)
So I'm tempted to buy in Florida out of state and eat the property management costs. I plan on eventually relocating to FL anyways. It's much less competitive than King, pierce and thurston counties of the Seattle area.
Any other options?
I don't want to pay 40 to 80k cap gains tax 🙄🙄🙄🙄