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Updated over 8 years ago, 08/06/2016

User Stats

66
Posts
8
Votes
Erick Garske
  • Investor
  • Anaheim, CA
8
Votes |
66
Posts

Replacement question

Erick Garske
  • Investor
  • Anaheim, CA
Posted
I have a question in regards to the replacement property and carrying over a mortgage. I believe that the rule is that you need to carry. over at least the the same debt service from the relinquished property. In my case the prior debt service is minimal, about 28k. I would simply like to use both cash from the relinquished property and my own cash. Is the doable? Would this still be within the guidelines of the exchange? Thanks, Erick

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