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Updated over 1 year ago,

Ryan Fox's profile image
Ryan Fox's profile image
Ryan Fox
Pro Member
  • Investor
  • from NV and CA
  • Member since Feb 13, 2016
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335
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169
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Ryan Fox's profile image
Ryan Fox's profile image
Ryan Fox
Pro Member
  • Investor
  • from NV and CA
  • Member since Feb 13, 2016
Connect
Ryan Fox
Pro Member
  • Investor
  • NV and CA
169
Votes |
335
Posts
1031 Exchanges

does replacement debt have to match debt on relinquished property?

Ryan Fox
Pro Member
  • Investor
  • NV and CA
Posted

The property I want to relinquish in a 1031 exchange has a $75,000 mortgage on it.  On the replacement property, does the debt have to be a mortgage as well, or can I use a home equity line on my primary residence to constitute the debt on the replacement property?   Thanks in advance!

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