I got lucky and we found a good replacement property shortly after entering escrow on the selling side, well before the 45 day window from closing. Transaction went surprisely very smooth.
If anyone plans on doing a 1031, I had a positive experience with the intermediary IPX1031… They arent the cheapest, but not the most expensive too. They were on top of everything, even through an accelerated closing I wanted to do.
Between the original buy and sell dates, gain on my property was about 120% after selling costs. The appreciation on the replacement property I bought during the same time period was about 48%. Also, during that period, it was a decent cash flow around 4% after a tiny loan.
Again, not my skill. Thank you sdr…Especially when I wanted to see the new place the wee late evening right when it went on the market.
Hopefully, this will increase my net monthly income by $300 and more importantly in a better area.
