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Updated 10 months ago on . Most recent reply
1031 owner occupy low down
So I have a bare lot I am selling. Lets say I get 100k for it. My plan is to 1031 this into a duplex. It looks like I can occupy one side of the duplex as long as when I sell the duplex that side isn't considered 1031 tax deferred.
My question is can I get an owner occupy 5 percent downpayment mortgage on the duplex if it is a partial 1031 exchange?
This would be a pretty sweet deal for me if possible as it would combine the tax advantages of 1031 with the leverage advantages of owner occupy multifamily mortgages.
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