People often believe that you must go across or up in value, equity and mortgage between the relinquished and replacement property.

Many of you have probably heard someone say “I have to replace the debt”.

Debt can be eliminated in two ways; go down in value which does trigger tax exposure or replace the debt with additional cash which does not trigger tax.  In today’s world the debt may just not be available.

Simply replace the debt with additional cash to acquire the replacement property debt free while deferring all taxes.  Don’t let the lender stop the deal!