Investment Property Listings

1031 Tax Exchange on Listings – Mandatory?

If a property is listed as “buyer to cooperate in 1031 exchange” but I would prefer to purchase outright, is this possible? There is a 4 plex I’d like to buy but I don’t want to exchange my current investments. thanks

You can (and will) buy the property outright. The 1031 exchange has no effect on how you will purchase, but it may have an effect on how the deal is completed. The seller is legally obligated to tell you he is doing a 1031 exchange. It is a tax-saving mechanism that requires extra paperwork and can only be done within a limited time period. The hassle is all his, not yours, but he has to let you know he’s doing it so that you don’t have unreasonable expectations as to how quick the deal must take place and what you have to sign. It’s done all the time

Great ways to seek Investment Property listings

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