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Updated over 4 years ago,

Glenn Na's profile image
Glenn Na's profile image
Glenn Na
  • Member since Oct 5, 2020
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Glenn Na's profile image
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Glenn Na
  • Member since Oct 5, 2020
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Glenn Na
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Buying & Selling Real Estate

question about 1031 exchange

Glenn Na
Posted

Own a couple of rental properties and am about to sell one. The one I am selling has no mortgage. Want to use gains to pay off mortgage on  second rental. Will this qualify under the 1031 exchange or does that only apply to a new property? 

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