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1031 Exchanges
Jo Bavani's profile image
  • Member since Sep 14, 2023

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Jo Bavani's profile image
  • Member since Sep 14, 2023
Jo Bavani
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Can I do a 1031 exchange on my balloon payoff from Contract for Deed?

Jo Bavani
Posted Sep 17 2023, 05:15

I am considering selling a property via owner financing and want to understand the tax implications pros and cons. Please share any pointers including the obvious ones as I am new to this. 

Also is there some way to do a 1031 Exchange on the balloon payoff (5 or 7 year term)?

The rental was purchased in 2020 and is free and clear. It is an investment property and never owner occupied.  

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