1031 exchange into delayed financing strategy - am I good to go?

[AJ Vargas]

Hello everyone,

I recently sold a property, just bought 4 others (all investment income properties). At first I was thinking traditional cash-out refi on each of them. I came across the delayed financing strategy. Now this is the route I'd like to take. 

Can anyone experienced in this strategy tell me if I'm good to go or would I have an issue cashing out?

Thanks

[Bill B.]

You can’t do a 1031 after you’ve sold and you can’t 1031 in to something you already own. So the only info you gave (the sold property and the purchased properties.) is irrelevant unless that was the 1031 in which case it PROBABLY still doesn’t matter.

What are you trying to do? My understanding is a delayed financing deal is when you pay cash and then get a loan so you don’t have to wait 6 months. So if you paid cash, then just get a loan.