1031 Investor Identifies Up Leg
To identify the three target investment properties you need these suggestions may help-- [1] Decide what you want. That is, before you start decide on the type, locations and price (narrow range) of the up leg properties you want to identify. [2] Find a Search broker who will comb CIE and Broker sites to find the properties that fit your investment target decisions. [3] Ask your Serach broker to keep you advised on the Search progress with regular updates. [4] Stay in touch with your Search broker by email or phone to "tweak" the final investment target properties. [5] Have your broker send the LOI as soon as you find the best target. Sometimes a few hours is the difference in getting to contract on the investment property that fits your up leg need. [6] Make sure your broker gets your attorney or title firm involved early in the contract process. [7] Respond, and have your broker respond quickly ,to contract questions, due diligence and documentation items. [8] Do what you say you will do when you say you will do it. All this leads to more successful 1031 up leg contracts and close.