Pat, that would be a red flag for a note investor.. although you could try it and list it on FCI exchange for instance and see what happens.

Hi All,I have been investing in Charleston, SC for about 4 years now and recently continue to wonder if its in my best interest to do a 1031 exchange on my first duplex purchased in 2014.

Every market is completely unique and the prices for materials, labor, permits, etc... will vary somewhat from place to place, so you're probably not going to get a really precise answer on this one, but I'll try to point you in the right direction.The number 1 rule is spend less than what you can sell for, while still having a marketable and desirable property that will generate a profit. 

A Heloc payment is usually 1.5% of outstanding balance due monthly I'm not sure how much exchanging one revolving debt for another with similar debt service is really going to help DTI. is this what a lender directly told you or is this what you are assuming?

@Dave Foster can comment on the exchange as far as, llc to personal name.

Originally i had in my contract that there would be a exchange of money as a holding to be legal.

There was a large monetary exchange.

So if you plan to do a 1031 exchange in 2 years then you'll want your owner financing to have a balloon for that time to insure he cashes you out then.Are you wanting to have interest on your owner finance or no?

Hi everyone,Do you have an accountant that you recommend in the Chicago area, who has good knowledge of real estate taxes for investors (1031 exchange, etc.)?

Eric A, that's precisely why I'm using real estate for passive income on the side!