1031 Exchanges

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Ryan Laiola
  • Investor
  • North Myrtle Beach, SC
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How does a 'Deed in Lieu / Subject To' work with 1031?

Ryan Laiola
  • Investor
  • North Myrtle Beach, SC
Posted Jul 13 2022, 19:13

I am selling my investment SFR and executing my first 1031 exchange. I have been approached by other investors offering to take over my low rate mortgage and pay out my equity in cash in exchange for a deed in lieu. Is this a valid sale transaction in the scope of a 1031 exchange?

Thanks!

Atlanta, Georgia

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