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Updated almost 6 years ago,

Rich Thomas's profile image
Rich Thomas's profile image
Rich Thomas
  • Investor
  • from Salem, Massachusetts
  • Member since Mar 10, 2016
Connect

User Stats

124
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62
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Rich Thomas's profile image
Rich Thomas's profile image
Rich Thomas
  • Investor
  • from Salem, Massachusetts
  • Member since Mar 10, 2016
Connect
Rich Thomas
  • Investor
  • Salem, MA
62
Votes |
124
Posts
1031 Exchanges

1031 from personal name to LLC

Rich Thomas
  • Investor
  • Salem, MA
Posted
Hello, I have a residential loan on a rental property that is in my name currently. I am planning on selling that property and 1031 into a larger apartment building which will be a commercial loan and held in an LLC...is there any problem with taking 1031 exchangd funds from my personal name and using them in the name of my LLC to buy a property? Thanks in advance!
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