There have not been very many seller carry back notes over the last few years, but we are beginning to see more seller carry back financing strategies as interest rates have been adjusting over the last few months and we expect that this trend in seller carry back notes will continue to grow over the next couple of years.
Seller carry back notes can be very powerful transactional strategies when structuring real estate transactions in challenging real estate markets like we are experiencing today. Seller carry back financing structures can significantly complicate a 1031 exchange transaction.
You should consult with your legal, financial and income tax advisors and your 1031 exchange qualified intermediary before you finalize the terms of the sale of your relinquished property. Seller carry back notes require special planning and drafting when involved within a 1031 exchange transaction.
You might want to read my article on Seller Carry Back Notes or Financings in a 1031 Exchange at http://www.exeter1031.com/seller_carry_back_financing.aspx for more complete details.
Sunday, October 14, 2007
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