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Updated about 9 years ago,

User Stats

4
Posts
8
Votes
Bret Maryon
  • Real Estate Agent and Investor
  • San Jose, CA
8
Votes |
4
Posts

Any ways to get owner occupied financing in a 1031 exchange?

Bret Maryon
  • Real Estate Agent and Investor
  • San Jose, CA
Posted

I have a condo in San Jose that I bought in 2012 for $166,000 (it has been rented out since the purchase).  Market Value is now $400,000.  Im looking to complete a reverse 1031 exchange and purchase a single family residence for approx 1M.  I would complete my purchase in January and sell my condo in March.  

I will move into this property after 1 year.  Is there any way for me to get owner occupied financing to complete this purchase?  I'm guessing not, but just curious if anyone here might have some ideas/tips for me?  

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