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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Paul D.
  • Milford, CT
2
Votes |
11
Posts

1031 identifying a property question

Paul D.
  • Milford, CT
Posted

Hello,

I'm currently selling a property and will be utilizing a 1031 exchange.  The property will close in 2 weeks.  I have found a new property that I want to buy with the 1031 exchange.  Am I allowed to put an offer in on this new property now, and then "identify" the new property immediately after I close on the property I am selling?  Would there be an issue with the contract date on the new property occurring before the date that I close on the property that I am selling?

Thank you for your help!

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