One mortgage for two properties

[John M.]

Possibly doing a 1031 exchange.  Looking at purchasing two properties. Is it possible to get one mortgage for both properties if they are separate deals? Being a 1031 I would have to use 100% of proceeds towards more properties.

[Dave Foster]

@John M., There's nothing wrong with that from the 1031 perspective.  You'll want to shop rates to see if a portfolio loan or individual loans are more attractive.  

From the 1031 perspective you simply need to purchase at least as much as you sell and use all of the proceeds.  So you can allocate those proceeds however you want to each purchase.  You can even buy one with cash and one with maximum leverage if your proceeds amount will let you.