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Updated over 7 years ago on . Most recent reply

Johnny Quilenderino's profile image
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Johnny Quilenderino
  • Real Estate Agent
  • from Slidell, LA
  • Member since Mar 9, 2017
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Johnny Quilenderino's profile image
Johnny Quilenderino's profile image
Johnny Quilenderino
  • Real Estate Agent
  • from Slidell, LA
  • Member since Mar 9, 2017
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Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
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Norfolk Real Estate Forum

Anyone execute a 1031 exhange with a bridge loan?

Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Posted

Good afternoon BP,

Anyone execute a 1031 exchange lately with a bridge loan? Just interested in the details. Planning to possibly execute one in Sep, and with our exchange we might be 50k short of the lenders requirement of 30k. 

Thank you.

Johnny

  • Johnny Quilenderino
    • Norfolk, Virginia
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    Johnny Quilenderino
    • Real Estate Agent
    • from Slidell, LA
    • Member since Mar 9, 2017
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    User Stats

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    Johnny Quilenderino's profile image
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    Johnny Quilenderino
    • Real Estate Agent
    • from Slidell, LA
    • Member since Mar 9, 2017
    Connect
    Johnny Quilenderino
    • Real Estate Agent
    • Slidell, LA
    267
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    Johnny Quilenderino
    • Real Estate Agent
    • Slidell, LA
    Replied

    @Armando Melchor I did not need a bridge loan. I got a commercial real estate loan from a local lender and used @Dave Foster and his team. From putting the house on sale to my purchase was a total of 84 days! Let me know if you have any questions. Also, Dave is a 1031 master, so if you stick to his guidelines everything will be ok!

    Cheers,

    Johnny

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