November 9, 2021 at 10:34 am
Get with a Qualified Intermediary (QI) to help execute your 1031. You must tell your title company on your sale that you are doing a 1031 and they will handle the paperwork and sending the proceeds to the QI .. You can not touch any of the money form your sale. When you go to find your replacement property , you have 45 days (from your date of sale) to ID , and then 180 days to close. There are certain guidelines you have to follow when ID properties .
If you have further questions feel free to reach out , and I also have a couple of QI recommendations if you need them
February 2, 2022 at 9:59 pm
Hi Kishor –
Once you’ve selected your qualified intermediary, and you are choosing your three options to exchange into (within the 45 days), a syndication can be an option for you. We have a checklist that spells out needs and costs for the investor.
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