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1031 Exchanges
HomeForums1031 ExchangesCan I use 1031 to pay off mortgage on rental property
Gerald Fincken's profile image
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Gerald Fincken
  • from Austin, Texas
  • Member since Jul 5, 2012
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Gerald Fincken's profile image
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Gerald Fincken
  • from Austin, Texas
  • Member since Jul 5, 2012
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Gerald Fincken
  • Austin, TX
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1031 Exchanges

Can I use 1031 to pay off mortgage on rental property

Gerald Fincken
  • Austin, TX
Posted Feb 14 2015, 12:01

Hello;

  I have some land I'm going to sell and would like to use the proceeds to go toward paying off mortgage on current rental investment property.  Does that qualify under 1031?

Thanks

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