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Updated almost 5 years ago,

User Stats

9
Posts
2
Votes
David Shertzer
  • Investor
  • Harrisburg, PA
2
Votes |
9
Posts

Can I use 1031 to buy properties in my personal name to a LLC?

David Shertzer
  • Investor
  • Harrisburg, PA
Posted

I own 3 single family houses in my personal name. I just started a LLC and purchased a house using it. If I flip the house in the LLC I should make enough to pay off 2 of my current rentals. Could I use a 1031 to buy 2 properties from myself to the LLC? My goal is to move all the properties out of my personal name into the LLC.

Thanks in advance

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