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Updated almost 3 years ago on . Most recent reply
can my children get a mortgage for me when I do 1031 exchange?
Both my husband and I are retired and have limited income from rental properties. We are thinking about selling a rental property and buy one with better income prospect. However we still have loan on the property and we probably can't get loan approved any more for the new property. I want to know if my kids can get loan for us to do 1031 exchange? If so what limitation there might be?
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@Dave Foster @Bob E. thanks for your reply. It's good to know my kids and help with mortgage when I do 1031 exchange. I assume they can also claim tax deduction for the mortgage?