All Forum Posts by: Al Skerrett

Thank you both for the insight! Seems like it would be best to try a straight forward exchange first to get my feet wet then experiment with the tricky deals later...

Can you do a 1031 Exchange for an auction property? Has anyone done a 1031 exchange at a foreclosure auction or any other type of auction? In most counties in my area you have until 5pm the day of the sale to pay for the property so I wasn't sure how that would work. Any info is appreciated...

@Jeff Wagner I see that wouldn't apply to existing property that wasn't invested in that way but still something to think about...

Thank you all for the info! @Jeff Wagner I'm going to look into this for sure! I've had several of my properties for more than 10 years so this could be beneficial for me...

I figured I'd check with the pros on this one... Can you do a 1031 exchange when selling here in the states and buying in the Bahamas? Exploring all my options these days with the rising prices here in the states... Any info is appreciated...

Thats great advise Toni, thank you!

Thank you Toni, That continues to add clarity for sure. I guess I was a little confused early on as far as fees associated with the relinquished properties. I’ve gotten quotes significantly different on adding additional properties so I was unsure why that would be the case but seems it may just require a little more homework to understand the differences from one company vs another. 

Thats great information! @Dave Foster Thank you... I've given it more thought and will more than likely complete my sales before making my purchase but it's good to know that option is available... I am a little unsure about having to do 3 separate exchanges though when purchasing a single property. I will look for posts regarding this to boost my knowledge. Thanks again for the info...

2 part question - 

Is it possible to do a 1031 exchange selling 3 properties with 2 deferred & 1 reverse when purchasing a single property? With the time constraints (45 days to identify) I may not have time to sell all 3 prior to the purchase.

I've noticed a large difference in 1031 exchange companies when it comes to the fee ($200-$750) for additional relinquished properties as part of an exchange, I've been focused on just making sure the company has a dual signatory account and would love some input as to why there would be such a large difference in price...

I've been reading topics here for months but haven't seen my specific question so any advice would be appreciated...

Al