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Updated over 7 years ago on . Most recent reply

User Stats

40
Posts
13
Votes
Ray G.
  • Pittsburg, CA
13
Votes |
40
Posts

Creative financing help

Ray G.
  • Pittsburg, CA
Posted

Hi Everyone,

Thanks for reading, would appreciate your insights on my current needs.

I just sold a property in mid-may and i have 120k of equity and at least 100k of a loan i need to 1031 exchange.

I have been searching in Texas and Indianapolis with a preference on indy for cash flow.

I found a seller who's selling a package of 5 duplexes and 3 sfh's for about 350k (meets my exchange criteria) 

I can't find a lender who will lend on this type of a package.  Any thoughts or guidance on this would be appreciated.  Im getting antsy as i'm a little over 20 days into my 45 day identification period.

Thanks!

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