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Updated about 3 years ago,

Davit Gharibyan's profile image
Davit Gharibyan's profile image
Davit Gharibyan
  • from Saint Paul, MN
  • Member since Dec 1, 2015
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Davit Gharibyan's profile image
Davit Gharibyan's profile image
Davit Gharibyan
  • from Saint Paul, MN
  • Member since Dec 1, 2015
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Davit Gharibyan
  • Saint Paul, MN
54
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177
Posts
1031 Exchanges

1031 Exchange new LLC for new property

Davit Gharibyan
  • Saint Paul, MN
Posted

Hello, 

Today I closed on the sale of my apartment building. It was held in LLC "A". The funds will be held by 1031 Exchange intermediary.

Do I have to buy the new property under same LLC "A" or can I form a new LLC "B" to hold the new purchase.

LLC "A" is a single member LLC.

I appreciate the response. 

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