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Updated almost 4 years ago,

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5
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5
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Montgomery Dennis Yurchison
  • Ballston Spa, NY
5
Votes |
5
Posts

Bridge Loan or other funding channels, for down payments

Montgomery Dennis Yurchison
  • Ballston Spa, NY
Posted

I am looking for advice on how I can secure short term (approx. 6 weeks) funding for multi-family rental property investments down payments.  I will be closing on the sale of my rental property this March and am planning on executing a 1031 Exchange.  I am looking for advice as to how I can obtain funding for down payments on properties I wish to purchase during period prior to the closing on the sale of my rental property so as to get ahead of my 45 day identification period, after the closing, required to satisfy the condition of the 1031 exchange.  Your thoughts and advice is appreciated.