1031 Exchange into a Refinance

[Shawn Donnell]

I’m looking at getting two investment properties to buy and hold for a few years then sell with the intent of utilizing the 1031 exchange program. What I’m trying to figure out is if I can refinance my personal residence with the 1031 funds when the investment properties are sold? That way it reduces what I will owe at that point and then I can move and rent my current residence reasonably within what a tenant can pay versus the inflated market we currently have.