And you can use that to calculate your tax hit.In order to defer all tax you must purchase at least as much investment real estate as your net sale using all of your net proceeds.

Im a real estate investor living in New York and am interested in networking and investing in Portuguese real estate.  

I hear commercial 5+ is not good nowadays. 

I'm a foreign national and I'm currently closing on a cash out refi for a duplex (commercial loan) and I'm looking at 5.375% on a 30yrs fixed and 65% LTV.The rate, buydown, loan type... will vary depending on the deal you are looking at, but as foreign national I have not been able to find any broker / lender that will go higher than 65% LTV so that's most likely what you can expect.Good luck!

@Brandon Stelling I would recommend reaching out and connecting with various commercial brokers who specialize in each of these spaces.

I recently closed on a commercial condo unit (for retail), which is one unit in a building that also has 7 apartments. 

He has 80% liquidity to move into investment real estate and not 50-60%.

Rates tend to be 25 to 50 basis points above commercial (5+ unit) apartment building loans, and 50-100 basis points above residential (1-4 unit) loans.

I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

SIH has some marketing gimmick with the Real Estate Guys where they bus unsuspecting retail customers around to the sites to see home being built.