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1031 Exchanges

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Andy Hayes
  • Investor
  • Newport Beach
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1031 Exchange and Seller Financing

Andy Hayes
  • Investor
  • Newport Beach
Posted Aug 30 2020, 18:07

Hi BP!

I own a vacation rental property that I'm looking to sell to free up cash. I have an opportunity to buy another, more expensive property and the current owner of the property we'd like to purchase is offering seller financing.

My question: Could we use a 1031 exchange and buy the new property using seller financing? Are there any legal or tax implications we should be aware of?

Really appreciate your advice!

-Andy

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