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Updated almost 7 years ago,

User Stats

62
Posts
28
Votes
Barri Griffiths
  • Las Vegas, NV
28
Votes |
62
Posts

Telling brokers about a possible 1031??

Barri Griffiths
  • Las Vegas, NV
Posted

When my current tenants lease expires in march of 2018, I plan to sell the property(sfr) and reinvest that money via a 1031 exchange into a small apartment building(12-18units)mo

I've already contacted a few different brokers, to see what kind of opportunities are out there.

Should I be transparent with all of them, and tell them that I'll be using 1031 money. Or is this going to put me in a bad negotiating position, and I should try and avoid this?

Is it also best to let them know that I won't be looking to buy until march onwards, but that I want to work with them now to identify what exactly is my ideal property?

Is there anything else I should know or consider, when doing a 1031and dealing with brokers, and in general?

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