's called "seller financing," "owner carry" or "contract for deed." Your buyer puts up some cash, but needs you to make up the difference. If you're doing a 1031 exchange, you need to know your options. Otherwise, you might end up holding the tax bill.
If you (or one of your clients) are selling a property and the buyer wants you to carry back a contract (sometimes also called seller financing, contract for deed or an owner carry) and you want to do a 1031 exchange, please read Gary’s latest article, How Selling Your Property on a Contract Impacts Your 1031 Exchange, to see how that will impact the exchange.
The 1031 Experts
866-694-0204
Join the Conversation
Have questions about 1031 exchanges? Share your thoughts below.
Comments are closed for this article.