@Stanley Bronstein I don't think he wants to wait he's been kicking around the idea of putting up for sale in the general market for a while now.

@Chris FugetPennsylvania has high transfer taxes upon purchase and sale. 

But I'm trying to put it under contact which I also need, will the title company have one of those purchase sale agreement?

You can get title insurance at any time, doesn’t need to be simultaneous with the sale.  

If I 1031 exchange the property with the Heloc on it, the heloc would be paid off and closed during the sale of the property and I would be rolling only the left over equity or in this case 20k into the new property.

I’m currently under contract on 2 other properties.The question: Am I able to use one of the other properties I’m already under contact on, to offset the sale of the first property and execute the 1031?

I am sure your agent would most likely value repeat business and referrals that end up in sales more than anything :-)

I recently completed my first sale. 

You could get your license and see if your able to get a sale or two.

Purchase price: $147,500 Cash invested: $13,000 Sale price: $269,000 We bought this condo with a Fannie Mae loan to put down 7%.