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1031 Exchanges

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Jeff Weaver
  • Investor
  • Troy, MI
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57
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Security deposit’s on 1031 sale

Jeff Weaver
  • Investor
  • Troy, MI
Posted Oct 23 2017, 19:00
Selling small MF on a 1031, my question is on the security deposits. In the past when I’ve purchased property the security deposit came out of the seller proceeds, does that work the same when I’m the seller and the proceeds are going to a 1031 exchanger ? Or do I need to bring a check to closing for the security deposits ( $7,000) Thanks for your help Jeff

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