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1031 Exchanges

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John LaVecchia
  • Contractor
  • Mooresville, NC
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67
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How would this scenario play out?

John LaVecchia
  • Contractor
  • Mooresville, NC
Posted Jan 7 2018, 19:29
If I buy a property for $140,000 and 2 years later it sold in a 1031 exchange for $60,000 but I have a loan on it for $130,000 can I buy a property for $260,000 or $120,000? Or am I completely off?

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