Help! Can I do a 1031 exchange in this scenario? - Posted by B-Man

Posted by Gene on May 17, 2006 at 22:28:16:

Sure…they are still buying it. Just because thier lender is calling it refinance, nothing changes on your end.

Call any 1031 exchange company and they should be able to get you set up.

Gene

Help! Can I do a 1031 exchange in this scenario? - Posted by B-Man

Posted by B-Man on May 17, 2006 at 21:18:53:

I have a lease option tenant who is looking to exersise their option and purchase the property. The purchase price is 245k, the appraisal is 290k. Their loan officer is setting it up as a refinance, since they have been in the house for over 12 months. Do I have to go along with this? Can I still do a 1031 exchange if it is set up like this?