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Keith Consiglio
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1031 owner occupy low down

Keith Consiglio
Posted

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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2,317
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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
1,913
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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
Replied

@Keith Consiglio

I would talk to an intermediary. Our community uses Dave Foster

https://www.the1031investor.com/

Gino

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