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Updated over 8 years ago,

User Stats

9
Posts
4
Votes
Jeremy Geng
  • Wholesaler
  • Moreno Valley, CA
4
Votes |
9
Posts

Buying Own Property Back

Jeremy Geng
  • Wholesaler
  • Moreno Valley, CA
Posted

Lets say I own 2 properties.  One property is worth 200k with a 100k of debt on it and another property is worth 100k with 100k of debt on it.  Can I sell the 100k property to another investor for $1 and then sell my 200k property and do a 1031 exchange.  I would buy a 100k property with my proceeds free and clear and buy the property I sold to the other investor to take on the 100k of debt I need? 

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