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Updated over 9 years ago,

User Stats

34
Posts
5
Votes
Brett Jenkins
  • Kansas City, MO
5
Votes |
34
Posts

Can I use more debt on a 1031 exchange?

Brett Jenkins
  • Kansas City, MO
Posted

I have received conflicting information on this so I thought I would ask here to share with others who may be interested in finding the answer.

I have a property I bought for 800k. I am selling for 1 million (after closing costs and comissions) and the note is now 600k.

I was wondering if I could I could buy a property with 200k down and 1 million total value and pocket the other 200k tax free. 

Could I also break it down and buy two properties at 500k 80% ltv?

In other words, can I increase the debt on my 1031 exchange and what are the tax consequences of the money that remains?

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