1031 exchange

[Bob Shultz]

so I've been stepping up my game. After many many years of duplexes. Finally took the leap from larger families and stay. Couple weeks ago was closed on 48 unit in Columbus Ohio.  and just before that a 44. In the Carolinas.  So I think it's time to start to liquidate some of the duplexes.. Does anybody know the pitfalls of a 1031 exchange. In two large multiple family. Just a little concerned with finding a deal within the 45 day restriction.. Thank you 

[Wayne Brooks]

Yep it's an issue, particularly when looking for larger multifamily as opposed to SFR's and 1-4 units. You can also do a reverse 1031, where you buy before your sell, but it has extra hoops to jump through, and I think about an extra $2-3k in 1031 costs.

@Bill Exeter will know better.