Hi Everyone,Thinking of doing a 1031 exchange and getting into a Triple N investment.

I am not sure if I should pay off my mortgage of $270,000 at 6.5% or should I do a 1031 exchange and invest in a rental property. 

I also have a plumber across the road that I allow to use my lake access in exchange for labor when needed.

You may also be able to take a higher interest rate in exchange for lower closing costs, not sure what sort of rate you're currently being offered.

For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation, 1031 exchanges, and other specialty tax credits?

I have lost $ 200,00 on the 3rd deal because they pulled the plug on that deal at the last minute without ever inform the investor to pivot to another deal. 1031 exchange rules are very strict so I had to pay the capital gains tax.

Sell the current house (current mortgage at 3%) and use the gain for down payment and 1031 exchange for the new home.

While yes the shares are private, it also protects them from larger funds shorting the company if it were public to drive the price down (which is why many list on alternative exchanges that do not allow for shorting). 

Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable.