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Updated over 3 years ago on . Most recent reply
1031 Exchange 4 Member LLC Question
I'm buying a property and trying to finance the deal. The money is coming from a 4 member LLC 1031 exchange. Can i purchase the property and get the loan under the 4 members names so i can get a regular residential loan instead of a commercial loan under the LLC? I woudl then quick claim deed the property to the LLC. The property is a duplex and the rates from a commercial loan are close to 5%, vs 3.5% if i get it under the 4 members personal names vs the LLC (Commercial Loan)
Thanks
Frank