SG asked:


I was recently confronted in regard to my FL condo (I owe $213) to exchange w/ a Myrtle Beach condo ($150). I am trying to sell/get rid of it to avoid future foreclosure. I have a permanent tenant lined up in SC, whereas I can’t even rent out on mine right now in FL–so I’m currently taking a big loss regardless.

How does a 1031 work, specifically when I owe more? Will I lose tremendously or does it wash even in the exchange process? I guess I’m confused as to how the titles & money owed are exchanged.

I’m trying to make it out of this unfortunate investment without drowning in the current slump! Would this exchange be beneficial to me?

investing real estate

yoohoo asked:


I want to be a real estate investor and would like to know what city has the highest selling rate in either broward or palm beach county florida

vacation property real estate