undermining the primary purpose for most investors completing a 1031 exchange — to defer all of their capital gains tax. Mortgage boot, or debt replacement boot, happens when the mortgage on the ...

In many (if not most) 1031 exchanges, one or more of the properties involved in the exchange come with debt, usually in the form of an existing mortgage. There’s nothing wrong with that ...

Identifying the root cause of your financial woes should allow you to isolate and correct the behaviors that left you in debt. It can also help you rule out payoff strategies that don’t make ...