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Updated over 5 years ago, 04/09/2019

User Stats

48
Posts
13
Votes
Jamin Olds
  • Investor
  • South Haven, MI
13
Votes |
48
Posts

First Time - 1031 Exchange

Jamin Olds
  • Investor
  • South Haven, MI
Posted

Hey Everyone, 

I am looking into my first 1031 exchange and have a few questions. I have a mobile home park under contract and the lender is requiring more money down than planned. So,I  plan on selling 2-3 of our current properties and use the profits for as a 1031 towards our MH Park purchase.  

Do I have to combine these properties as one deal? or can they be sold separate? 

Do I need to hire a lawyer to handle the 1031 exchange? or is it possible to do it on my own?

Will a title company qualify as a qualified intermediary? 

Any information will appreciated as this is my first time using a 1031 exchange. 

Thanks in advance!

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