This is part 2 of Ed Maddox's series, entitled: Things I Wish I Knew (While Completing My 1031 Exchange). For part 1, click here.
When considering the sale of property and a 1031 exchange, we generally seek advice from trusted advisors during the initial stages. However, as I was going through my own 1031 exchange, I realized that sometimes those trusted advisors may not be the most well-informed on a particular subject. I resolved, therefore, to further my own knowledge in order to make the best decisions.