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Possible to add a co-borrower on a 1031 exchange?
Hello, I own a plot of land that's valued at around $95K - I want to sell this plot of land and use the 1031 proceeds as a down payment towards another investment property. The problem is I wouldn't qualify for a conventional loan, would I be able to add my son as a co-borrower? I don't know if I could because I know that on 1031 exchanges, if I sell my plot of land, I have to buy another property and the title has to be under the same name. I might be mistaken but please let me know if this is possible. The plot of land is currently under my personal name and my goal is to 1031 exchange into a multi-family, but I would need to add my son as a co-borrower.