1031 Guru - Bob Nelson - The Income Property Expert
Creating Financial Independence One Real Estate Transaction at a Time
David Moore of Equity Advantage and IRA Advantage has created a brief and concise article dealing with the “mortgage over basis” or debt over basis issue, and how it can be solved by using the IRC Section 1031 Tax Deferred Exchange.
With David’s permission, I have included that article below.
Debt Over Basis article by David Moore
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Robert W. Nelson, CCIM, CRE
Real Estate investment Broker
Real Estate investment Counselor
Pacwest Real Estates Investments, LLC
Oregon Real Estate License #951200166
Washington Real Estate Broker – License #23361
Idaho Real Estate Broker – License #36106
Arizona Real estate Broker – License #BR6579400000
Oregon, Washington and Idaho
I-5 Corridors of Oregon and Washington (primarily Eugene-Springfield, Salem, Portland, Vancouver, and Seattle)
I-84 Corridor of Idaho (primarily Boise)
Arizona
Greater Phoenix Area
Robert W. Nelson, CCIM, CRE
Pacwest Real Estates Investments, LLC
Email: bob@1031guru.com
Phone: 541-485-8100
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