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Real estate exchanges need not involve properties of equal value. For example, if you own debt-free a small office building worth $100,000, you could trade
Real estate exchanges need not involve properties of equal value. For example, if you own debt-free a small office building worth $100,000, you could trade it for a building worth $500,000 with $400,000 of mortgage debt against it. This process in real estate is referred to as: Question 149 options: a) Trading Up b) Trading Down c) Reverse Exchanges d) Tax-Deferred Exchanges
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
