Help understanding the details of a 1031 exchange

[David Kim]

I am confused regarding the "greater or equal" aspect of the 1031 exchange. If I own a commercial property worth 1 million free and clear, can I 1031 exchange it to another commercial property worth 1 million but finance 500 thousand so that I can pocket the other 500 thousand?

[Tony Kim]

Originally posted by @Dana Richardson:

I would like to say that @dave Foster is wonderful!   He helped us with our 1031 exchange. I highly recommend using him to handle your 1031 exchange.

 +1 He is the best in the industry and I wouldn't hesitate to use him again. At first I thought it would be better if I went with a traditional, large company. But as I did more and more research, I realized that there is a much more effective solution to keeping your funds safe, which is what Mr. Foster's company provides.