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Updated almost 7 years ago,
Telling brokers about a possible 1031??
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?