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Updated about 6 years ago,
1031 split up to 5 partners...how?
Scenario:1 commercial prop owned by 5 people
Goal: sell it to me but they each want to split proceeds AND use 1031 to go buy individual props.
problem: not doing a single like-kind exchange it looks like they can't split it up and go invest in props individually
solution/reward: anyone(attorney) that can solve this by creatively coming up with a method UP front OR on the back end of this transaction gets my business to solve this problem.
text me if you think it can be done and let's discuss asap, I want this prop, the price is agreed, we just need to solve this issue.
nine one zero two six two three four three four
thanks.
-Obin Olson