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Updated about 7 years ago on . Most recent reply

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72
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Israel R.
  • Livermore, CA
11
Votes |
72
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Any recommendation on where to find MFR in Indy or Kansa City

Israel R.
  • Livermore, CA
Posted

Hi

I am looking to do a 1031 exchange from a sale of a California property and want to invest in Indianapolis, IN or Kansas City, MO. Do you guys have any recommendation on wholesalers or listing I see any deals.

I believe for apartments I would need to get a commercial loan that operates in those two states. Can anybody recommend any lenders that finance in those locations

Thanks,

Israel Robles

Most Popular Reply

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2,094
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
2,359
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2,094
Posts
Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
Replied

What purchase price are you looking at? If under 1M there are local commercial lenders who will do 20 year am commercial loans. If over 1M then you'll be able to use a broker to find longer term Fannie/Freddie debt. I am a CA investor in KC so I'm happy to share some info. 

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