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Updated over 7 years ago,

Adam Binder's profile image
Adam Binder's profile image
Adam Binder
  • Investor
  • from Nashville, Tennessee
  • Member since Mar 12, 2016
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User Stats

17
Posts
1
Votes
Adam Binder's profile image
Adam Binder's profile image
Adam Binder
  • Investor
  • from Nashville, Tennessee
  • Member since Mar 12, 2016
Connect
Adam Binder
  • Investor
  • Nashville, TN
1
Votes |
17
Posts
1031 Exchanges

1031 Exchange when have plan to close the LLC

Adam Binder
  • Investor
  • Nashville, TN
Posted

Hello - I'm new to posting to BiggerPockets, so please let me know if this should be posted to a different area.

We moved to TN, and have decided to close our LLC in Michigan. The last property under the Mi LLC will be sold in 10 days. We would like to do a 1031 exchange. But, what are the ramifications to consider if we eventually plan to close the Mi LLC? Specially, we will get a commercial loan for the new purchase in TN.

Thanks for any suggestions!   

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