When people exchange that 25-30% of income for housing expense to 40-50%, and combine that with stagnant income and increased housing costs for down payment, they'll never be able to save enough for down payment and closing costs. 

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. 

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

- I haven't been able to find any 1031 opportunities (buildings or otherwise) to roll the money intoI appreciate learning your thoughts on whether to sell and keep.

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.

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?

Can money be exchanged to bind for a set price on that contract?

This would avoid dealing with traditional lenders altogether.Partnership: Consider bringing in a partner who can provide the $140K in exchange for a share of the rental income or future appreciation.Cash-Out Refinance: If you have another property, you might be able to do a cash-out refinance to pull out the necessary funds.Best of luck!

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