2min chapter

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#1201 Build Wealth with Real Estate: Strategies for 2023 | Build or Die Real Estate Conference

The Pomp Podcast

CHAPTER

How to Be a Successful 1031 Exchanger

When you close on your, you call it the down leg, the property you're selling, you have 45 days to identify up to three properties. And once that your property that you sold closes, you only have 180 days to close on that transaction. So definitely people are under the gun. What we try to do is once the buyer of the property we're selling goes nonrefundable on their deposit, like 99.9% of the time it's going to go through because they've gone hard on a significant amount of money. Then we push really hard to go find a property to buy. We've had maybe a 90% success rate, but we're not going to force

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