Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

2
Posts
1
Votes
Timothy Murphy
  • Investor
1
Votes |
2
Posts

Help! Need help with my situation on 1031 exchange

Timothy Murphy
  • Investor
Posted

OK this is the situation I’m selling three homes in Oregon and have to move over 1.2 million in a 1031 exchange and have $700,000 in loans. I buy single-family homes in the Memphis area and the average price is about $60,000. That means I would have to purchase 20 homes with financing and most lenders stop lending at 10 homes. What should I do with this 1031 exchange money? Continue to find a lender that will lend on the 20 homes may be at a higher rate or start looking at multi family units? Are there lenders out there that can lend on more than 10 homes?  hoping anyone can assist.

Loading replies...