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Updated over 3 years ago,
1031 time table is daunting
Hello - I’ve been considering selling my rental and 1031’ing gains into a new property/properties. I know I need to start this process because my current cash flow is low and there is significant equity that could be used to produce more cash flow in a different property. However, I’m scared!! I’m scared the time constraints on a 1031 will cause me to buy a less than desirable property. Has anyone else felt with this fear when executing a 1031? If so, how did you overcome it? Thank you very much for any input.
Matt