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Updated almost 6 years ago,

User Stats

17
Posts
3
Votes
Leslie Schwab
  • Saint Louis, MO
3
Votes |
17
Posts

1031 Proceeds from Sale of LLC into apartment building

Leslie Schwab
  • Saint Louis, MO
Posted

Hello BP, I own 4 rental condos in a single member LLC and I'm interested in selling all the properties to an investor and 1031 exchanging the gain into a building I have under contract (to be held in a new LLC where I own 50%).

In order to be able to rent the condos, the investor needs to purchase the LLC itself that holds the properties.

How can I structure this so that I can do a 1031?

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