Updated about 7 years ago on . Most recent reply
1031 Exchange and a Portfolio Loan
I'm considering buying a portfolio of 7 SFHs, and the seller wants the transaction to make a 1031 exchange so he can buy something larger. Can I split the portfolio up into 7 transactions so I can get 7 individual conventional notes, or will I need to get a commercial loan to keep it as a single transaction? I'd prefer to go with a Fannie loan to get a better rate, lower down payment, and longer term, but I'm open to creative solutions too. Thanks!