Any ways to get owner occupied financing in a 1031 exchange?
I have a condo in San Jose that I bought in 2012 for $166,000 (it has been rented out since the purchase). Market Value is now $400,000. Im looking to complete a reverse 1031 exchange and purchase a single family residence for approx 1M. I would complete my purchase in January and sell my condo in March.
I will move into this property after 1 year. Is there any way for me to get owner occupied financing to complete this purchase? I'm guessing not, but just curious if anyone here might have some ideas/tips for me?