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Is a 1031 Exchange better for seller than carrying a loan for a purchaser?
I just lost out on a house because the owners are selling the house for a 1031 exchange property in another state and my offer requested the sellers to carry the loan, resulting in the owners having a tax liability for the amount I paid them each year. Would there be any advantage to the sellers accepting my offer besides that they wouldn't be restricted to the 1031 exchange time limitations and strict guidelines? The sellers obviously are wanting to avoid taxes.