cash flow analysis question

[Eric Fete]

Hi all

I wanted to get some input/advice on a property acquisition:

I have a property under contract but can only buy in my LLC (I was doing a 1031 and have to follow the 1031 exchange rules). The only lender who can do this in this area charges a higher rate (around 7%) which hurts cash flow. Looking at approximately $200/month on a 137k property.

I was going to just take the cash and buy in my own name (and transfer to a LLC later) as my lender who can do it this way has rates around 4.5% so better cash flow. The risk is that I may have to pay capital gains tax next year (not doing the 1031).

Or I can just use the funds and buy another property in another area (and hopefully get more cash flow).  Under the 1031 rules to do it this way I can't get my cash back from the exchange agent until December.

SO:  close now for lower cash flow 

or

wait until December and find a better deal?

Any thoughts from the community?

Thanks much!!

Live great

Eric