CAN I DO THIS...?

[Chris Jackson]

Hello BP world.  So I am starting out with my investing.  I am getting some things done, but I've come across a pair of possible deals that I want, need advice on. Both situations are similar, though they are with different sellers. For seller #1, James Taylor (not made up), there is a triplex he wants to sell privately that is grossing $3,000 a month. He's asking $169K. He also has another property that he wants to sell, but hasn't put up a sign or listed it or anything. It is a commercial property. It sounds to me like a hot mess, but it's probably just because I haven't been able to coordinate schedules to go see anything with him yet; there is a warehouse, a beauty salon, and I think a couple apartments also. He wants something like $260K for that property. It apparently grossed $4,000 a month. This seller sounds maybe interested in owner-financing a portion of the property to me.

For seller #2, Bill H., he has a four-plex that is fully rented he is trying to sell privately for $170K. Once again, I'd normally need a residential loan for this property - but he ALSO has an off-market 8-plex that he wants to sell because he's old and wants to liquidate all his real estate assets. He is interested in selling that one for $370K (although he seemed to sort of pull that number out of thin air, so it's probably negotiable).  This guy also sounds pretty willing to carry a 2nd mortgage (25%) with a 3-year balloon to help me get into the properties.

So both sellers have one property that would normally require a residential loan, and one property that would require a commercial loan.  I have three questions:

1) Is there a way that I can lump one residential property and one commercial property into one commercial loan to cover everything?

2) Can you refinance commercial loans like you can residential loans (I'm thinking sort of BRRRR), so that I'd be able to pay these guys off after 3 years by getting a new loan?

3) Both of these gentleman have expressed their concern with selling everything at once due to capital gains tax. What is/are the best ways that they and I could both benefit in these transactions? They want to avoid as much tax as possible, and I need their help to get into the properties.

Thanks!

Chris