Updated over 3 years ago on . Most recent reply
1031 Exchange and high DTI
I have already started a 1031 exchange to sell my property and have accept a cash offer for same. Closing is on 4/7/2022 but two lenders are telling me that my DTI is over 50%. My fear now is to close and will not be able to meet the 1031 time limits to purchase a new property that I intend to use for short term rental. Need suggestions on how I can work around this.