Beyond that, I enjoy cultural exchange quite a bit and having my perspectives challenged.

Down payment is $130,000 from a 1031 exchange. 

Your taxable income may be more than $150,000 since you have to factor in depreciation.You can potentially consider doing a 1031 exchange.

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 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?

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?