a few questions
I'm looking at two properties to purchase on a 1031.
Both are short sales, one subject to lender approval, the other does not say.
Is it a good idea to use a 1031 exchange for short sales? Obviously I can identify within the time frame, but can/will it get bank approval and close in the 180 days?
Both have listed prices. Are those absolutes, or do the banks consider offers below, and what is a reasonable amount below?
I have not seen them other than on mls, have not talked to the agents. One blurb says it's in good condition, the blurb for the other says priced to sell.
Thanks, ofgift