There are a few reasons for this: 1) They are costly and the Exchange intermediary may require a whole host of inspections including environmental reports etc and 2) One has to come up with the cash to buy the new property without getting the equity out of the first property - not everyone can do that - add in having to get a loan while still being obligated to the loan on the “sale” property.

We obtained private money, a fix and flip loan, bought the house, completely rehabbed both sides , and then refied it.

I am in the process of getting a 203k loan as well.

I did find a lender who could do loans for under 80k though so can send you his info if you’re interested!

Jeffrey - A few suggestions: 1) The loan amount would be whatever LTV you lender can provide with the cash out loan.

So I attempted to make a downpayment on a loan for a parcel advertised on landequities. 

For example, I've recently encountered more potential 203K/renovation loan deals, which has led me to actively seek out HUD Consultant contacts.

What are everybody's thoughts on using a 401k loan or withdrawal to fund the downpayment?

And we pay them direct from rehab draws on my loans.6.

Is it true that a FHA loan will require us to occupy within 60 days?