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Updated over 5 years ago, 06/04/2019

Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
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User Stats

86
Posts
1
Votes
Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
Connect
Alex Aronson
  • Real Estate Investor
  • Memphis, TN
1
Votes |
86
Posts
1031 Exchanges

1031 exchange applied to existing property?

Alex Aronson
  • Real Estate Investor
  • Memphis, TN
Posted

Here is a hypothetical question hoping that someone can answer.

Say I have two properties (A and B) with both properties having separate mortgages.

Can I sell property A and use a 1031 exchange to pay down the mortgage of property B?

I would think you could since I technically do not own property B free and clear.

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