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If you are home buying in Texas, Colorado, or Georgia, consider Homeward- they make all cash offers and buy the house for you. Then you rent from them until you can buy it back from them with a mortgage or after selling your current home. I worked with them last year when making offer in Austin, Texas. They are very easy to work with and I had my offer accepted. Whether the fees and risks are worth it is a personal calculation, but it makes your offer competitive in an insane market.
https://www.homeward.com/about-us
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1031 exchange has a 6 months expiry
Yes, you will be taxed.
Aren’t you are allowed a $250k exemption from taxes on any gains as a single person and $500k as married couple? Or is that conditional on buying another primary residence within 6 months?