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Updated almost 9 years ago,
Loans after doing a 1031 exchange
I called few banks for a loan where I could use the proceeds of the 1031 exchange as a down payment. However, several banks including QuickenLoans and Wells Fargo appeared to be wondering whether I can get a loan because it is a 1031 exchange. Are there any restriction? I thought I could get any traditional loan and that the 1031 exchange does not impact this at all?