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Updated about 7 years ago,

John LaVecchia's profile image
John LaVecchia's profile image
John LaVecchia
  • Contractor
  • from Mooresville, NC
  • Member since Oct 15, 2017
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67
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John LaVecchia's profile image
John LaVecchia's profile image
John LaVecchia
  • Contractor
  • from Mooresville, NC
  • Member since Oct 15, 2017
Connect
John LaVecchia
  • Contractor
  • Mooresville, NC
5
Votes |
67
Posts
1031 Exchanges

How would this scenario play out?

John LaVecchia
  • Contractor
  • Mooresville, NC
Posted
If I buy a property for $140,000 and 2 years later it sold in a 1031 exchange for $60,000 but I have a loan on it for $130,000 can I buy a property for $260,000 or $120,000? Or am I completely off?
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