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Updated about 7 years ago on . Most recent reply

Akil Simmons's profile image
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Akil Simmons
  • Investor
  • from Elizabeth city, North Carolina
  • Member since Mar 17, 2009
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Akil Simmons's profile image
Akil Simmons's profile image
Akil Simmons
  • Investor
  • from Elizabeth city, North Carolina
  • Member since Mar 17, 2009
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Akil Simmons
  • Investor
  • Elizabeth city, NC
1
Votes |
19
Posts
Private Lending & Conventional Mortgage Advice

using single family for multiunit down payment

Akil Simmons
  • Investor
  • Elizabeth city, NC
Posted
greetings, I'm looking to purchase a multifamily in NC, but instead of using cash, Id like to use a free and clear single family. anyone know a lender who will support this transaction?
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Omar Khan's profile image
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Omar Khan
  • Rental Property Investor
  • from Dallas, TX
  • Member since Feb 23, 2017
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Omar Khan's profile image
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Omar Khan
  • Rental Property Investor
  • from Dallas, TX
  • Member since Feb 23, 2017
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
Replied

@Akil Simmons As you own the property, you should look into doing a 1031 exchange. @Dave Foster is the man for these kinds of things and will be able to guide you. 

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