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Updated over 7 years ago,
1031 exchange or pay off personal debt
I am putting my only rental home I have right now up for sell after doing some needed repairs to it. I was wondering, based on some of your own personal experiences, if I should 1031 this over into another property after it sells or go ahead and take the money and pay off some other personal debt I have. I see some of the advantages to both sides, but don't know which will work better in the long run. Thanks.