As part of the sale they take $500K in cash boot. 

.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

Would like confirmation on that though.For Solara, there seems to be no restrictions but a lot of houses for sale. 

.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

However, there is a requirement that in order to defer all tax he must purchase at least as much as his net sale. 

New-home sales hit a seasonally adjusted annual rate of 698,000.

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

You can’t only 1031 your portion of the LLC’s sale of the property. 

Just food for thought here, all the hype around subto lately got me thinking, it's not even a strategy I typically employ but like to have in my back pocket in the rare case when it makes sense. 

Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.