We had intended to hold this property for a long time but after a year, one of the partners said he wants to sell.Questions:Can I and the other partner 1031 exchange our proceeds into another building?

We said yup looks good, kept the contract, went home an proceeded with the closing.

Hopefully we can provide value back to the site by participating in the forums in the future as we proceed in our journey.

Can anyone give any advice as to how they would proceed with these?

@Mark Updegraff I just want people to realize that there are dishonest people so you have to proceed with caution.

I wouldn't do that.Last issue, what wholesalers do is known as a "net listing" in the industry, it is an illegal and unethical practice for a licensee to take sale proceeds above a certain amount agreed to by an owner to accept from a transaction.

Any thoughts on best way to proceed?

have the seller attorney review the contract as is …have separate contract signed between you and your buyer (assignment) and then proceed to closingDo you have to disclose to seller attorney that you plan to assign the contract ?

You need to proceed very carefully.

If there was and they have a copy of it you may have to go through formal eviction proceedings (may have to anyway...I'd plan for it).