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7
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1
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Rohit Sengupta
  • Investor
  • Walnut Creek, CA
1
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7
Posts

Transitioning form SFH to Multifamily (5+ Commercial)

Rohit Sengupta
  • Investor
  • Walnut Creek, CA
Posted

I have been a SFH investor and I am thinking about investing in multifamily (commercial 5+) in the first half of next year. Does anyone have tips for a first timer making that change?

Mainly I am thinking about if I should risk using 1031 exchange funds from the sale of one of my SFHs for a down payment or if I should wait until I have cash. If I were to use 1031 exchange funds obviously the timeline is tight, so I may have to use temporary financing to close the deal and then refinance. Any insight or sharing of experience would be greatly appreciated. Thanks!

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