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Purchasing a 1031 Replacement Property with seller financing
There's a plethora of articles about how to use seller financing to sell a relinquished property, but I'm selling a property and would like to acquire a replacement property with seller financing.
In this case, would the seller financing be counted as mortgage boot? Essentially, would the seller financing be considered a regular debt to count towards the exchange amount?
hoping @Bill Exeter or any pros can chime in here
Many thanks in advance for your help