1031 Exchange & Seller Financing

[Alexander F Pollock]

Has anybody done seller financing with a property that was a 1031 exchange? I'm looking at a triplex that the owner has had since 2003 and was part of a 1031 exchange. They tried selling last year but couldn't find anything to buy. I really like this property because I can use the downstairs offices as a studio to teach music from, there are 2 apartments upstairs, and it's less than a mile down the street from where I live. I can offer the seller flexibility since I'd be willing to wait and understand the constraints of a 1031 exchange. I did find this blog about how there are two ways to do a 1031 exchange with seller financing but figured I'd see if anyone had any thoughts.

https://www.accruit.com/blog/s...

Thanks