Updated about 10 years ago on .
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Buying Own Property Back
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?