Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

16
Posts
1
Votes

Transfer to LLC before exchange?

Cassandra Brown
Posted

I'm new to this and thinking of exchanging a fourplex near San Diego for some properties nearer to my residence, in Wisconsin. I received the property from my mother as gift (not inheritance) so there is quite a bit of tax liability if I just sell it. I'm thinking I need to have an LLC for any rental property that I have, and so I have been trying to understand what I need to do to transfer this California property into a Wisconsin LLC; and if I need to do that before the exchange. If not, then is there any problem with purchasing the replacement property as an LLC?

Loading replies...