Investor loans and where to buy fast for 1031

[Dorothy Monette]

I'm in a 1031 exchange. My rental in California is set to close June 7th and the clock starts ticking. I have info on a loan, stated income, 25% down and the rate is 5.75%. Can I do better than that? I'll be buying my first property in a great suburb close to OKC and that will be all cash. It's the 2nd property I will be obtaining a loan. I will be looking in OKC, AZ (which is where I live and I'm a realtor) and other areas if need be. I just want that property to cash flow. Any other ideas other than the places I said? I will spend about $150-$200K on the 2nd property.