If you sell an investment property to defer CapGains and depreciation recapture you have 45 days after the close of your relinquished property to nominate 3 like-kind replacement properties and then another 135 days to close on them (please talk with a 1031 qualified intermediary BEFORE you do anything, they're very helpful and no fee).If they can keep you in deal past 45 days, then it kinda forces your hand as valid replacement property. 

Proceeds from sale are being held by a designated 1031 intermediary and if I find a worthy property in time I'd like to reinvest those proceeds. 

If so does those funds go through exchange intermediary as sales proceeds will.Thanks for the help..making sense for me.I appreciate your time.danSent from my iPhone

@Justin Franklin in my experience it is ideal if you can work with a closing company that is also a qualified intermediary.

The equity would be disbursed to the 1031 Exchange Qualified Intermediary for deposit into your 1031 Exchange Qualified Trust Account.  

Hi everyone. I recently had a recommendation to use 1031exchange.com, but I don't have any personal experience with them. (I disliked the company I used last time - but won't name that company here.) I'm in AZ, althou...

I, for one, started out wanting to be an investor only, but quickly realized that obtaining my license does two things that allow me to achieve my goals: #1 - the class alone provides invaluable information in the overall scope of real estate, and #2 - having your license allows you to see on market properties as soon as they go live - it eliminates going through an intermediary to see properties you are interested in. 

However, you will have hard time proving investment intent and won't be able to find an intermediary willing to dance with you. 

Also, you need a good QI (qualified intermediary) and or a great real estate CPA.

Hi everyone, Does anyone know a good person/company to use as a QI for a 1031 exchange in Rochester? Thank you!