All Forum Posts by: Matthew Hsieh

Awesome!  Glad it worked out.  I have two loans with them and working on a third.  

Try MB Financial.  They will do loans for those smaller amounts.

I do not live in the condo now. It's a rental property. I'm a passive investor with three SFH's in Wisconsin, being managed well.

I will look at getting a portfolio loan and purchase multiple properties that way.

Thanks!

I'm looking to sell a condo I own in Southern California.  I bought it for 285K and I should be able to sell is for at least $330K.  There is a principle of 217K on the loan.  After all is said and done, I should be able to get about 100K from the sale.  

I want to do a 1031 exchange to avoid taxes.

I'd like to purchase/finance as many small SFH rentals ($50K range) in the midwest as possible. If I could put down payments of $10 - $15K on 6-8 homes, that would be ideal.

With a 1031 Exchange, I know there are time constraints of 45 days and 180 days.  I also understand that I may only be able to acquire 3 properties in the exchange.

Also, getting in a position where I could finance that many at once poses a challenge.  Would I have to get some kind of portfolio loan?

Any advice would be appreciated.