Buying into a seller's 1031 exchange

There is no benefit or disadvantage to the buyer. The 1031 exchange only benefits a seller of like kind properties(commercial or business only) in transferring their capital gains liability from one property to another usually a higher valued one. This is done by completing a couple of forms at settlement and sending to the IRS. As the buyer you may have to sign the form but this has no impact on your rights or responsibilities as the new owner.