Buying SFRs in FL or GA from WA?
After further evaluation of our goals my husband and I are considering selling our investment SFR here in Washington, and taking the profit to purchase another property outright in a cheaper part of the country. If we sell we will have about $80K in profit (we owe $170K and it will sell for at least $250K. We have been considering a 1031 exchange, to acquire a property or put a down payment on two properties (though that may be ambitious). We aren't familiar with the east coast but we are drawn toward the low prices and weather.
We would like to know if anyone can suggest cities, towns, neighborhoods, where the economy is in recovery, violent crime is low, and a decent property can be had at a low price, preferably with a pool or near a body of water. Im desperate for suggestions about the location (I've been thinking Brevard co, FL or Atlanta,GA.
I would also like to hear from others who have done a like kind exchange, to hear about the steps and companies hired to complete the deal.
I appreciate any feedback. Thank you.