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Updated over 1 year ago on . Most recent reply
1031 Exchange with Seller Financing - Possible? Easiest structure?
Hello! I have a 1031 Exchange / Seller Financing question.
We're trying to make an offer on a property with a seller by offering him seller financing. 40% down payment. He owns it in cash so he doesn't have any loan to pay off.
Can he do a 1031 exchange in this scenario?
Would it just be on the actual proceeds amount (i.e. sale price LESS seller carryback amount)?
Any tips on how to structure?
Trying to make this easy for him to say "yes"!
Thank you,
Kim
Most Popular Reply
Dave Foster
#1 1031 Exchanges Contributor
Tax & Financial Services
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#1 1031 Exchanges Contributor
- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
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Dave Foster
#1 1031 Exchanges Contributor
Tax & Financial Services
Pro Member
#1 1031 Exchanges Contributor
- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
@Kim Hopkins, quickest response to a forum post in history. Or should we say quickest draw in the west to continue @Jonathan R McLaughlins Shane reference. Great to chat with you.
- Dave Foster
The 1031 Investor
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