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Updated almost 4 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,045
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1,888
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Running out of time for 1031 exchange, what to do??

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

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 🙄🙄🙄🙄

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