Being in the process for buying a commercial property, could be a mixed use, or straight commercial, I’d like to trade one of my rentals to get the deal done if I can.
Getting ready for my career after “retirement” I’ve been renting a small office space. I’d rather own, then rent. I’m now looking for a property to buy to have office space in and hopefully have other rental income from it to cover most if not all the expenses.
I have 2 rental properties, a 4 unit (free and clear) and a 10 unit (studio apartments that I have a mortgage on). The easy answer is to use the 4 unit to help get a deal done if needed. The thing is I’d like to part with my 10 unit, but if it has a mortgage, is there any way to use it in a trade for another property?