is 1031 exchange possible if I seller finance?

[Kevin Turano]

hello, If I am the owner and sell a property by owner financing it / carrying the note; can I still do a 1031 exchange?  For example, lets say that that I own property and buyer pays me $50,000 and i finance $50,000 over 20 years.  How is this handled?  Is this typically bad for tax strategy?  Please advise.

PS- If i take that $50,000 down payment and purchase a rental property with in 180 days can that be a 1031 exchange?