Hi all, I'm kinda new to the real estate game.

In a direct exchange the proceeds from your sale go directly  to the title company handling your purchase. 

Hi BP friends,I am new to the REI game but have in the past 2 months or so have been trying put my money where my mouth is...finally. 

A bird in the hand is worth more than ...........Home runs feel good , grand slams even better .But base hits all day long can win the game 

Most closings are handled by title agents, and most LLC's are set up by CPAs.

Owner financing will probably not work because you will probably not be able to have a clear title to the property.

You give $15k for a down payment, which the closing attorney / title company uses to pay off the bank. 

I joined bigger pockets to learn from people that have been successful in the buy and hold game and also because I have no idea where to start when it comes to doing background checks, marketing the property, and what I'm supposed to be tracking along the way. 

So if you take title to the property in the first exchange you can't later exchange the second property into it.However, if you can delay the purchase of the property so that it can fall after both sales it is a relatively simple process to combine the two 1031 exchanges. 

A lot will depend on how the title of the property is listed.