Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

Question• Has anyone formed an llc to start and fund their 1st real estate purchase using a SBA loan?

I financed this property using down payment funds from 403B and a local commercial bank.

You could use the sale of your primary and the sale of your investment property to fund the purchase of the land and the beginning of construction. 

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

If your Realtor is anything like me, they want to spend any marketing funds where the most eyes will be. 

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.

See the fact that mortgage rates are up about 1% from Oct when the fed started to cut the fed funds overnight rate as evidence. 

70/30 investor fund structure to make this deal go.