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Updated about 1 year ago,

User Stats

11
Posts
1
Votes
Debbie Palmer
Pro Member
1
Votes |
11
Posts

Question about creating LLC with a 1031 exchange purchase

Debbie Palmer
Pro Member
Posted

We have completed a 1031 exchange. It is in my husband's name as the property that we sold was just in his name. This is our first time managing property ourself as it is in our hometown of Payson, AZ. We were wanting to start a LLC. I have tried 4 or 5 different attorney offices to get legal advice on if/when we can deed the 1031 property to the LLC and also how to start up the LLC but every single one has either changed their direction or they do not have time on their calendar for this. I understand any advice from anyone on here is not legal advice, but has anyone been through this situation and what do you know about it. I have read and heard several things about making sure I get the correct type of LLC and that doing it myself in AZ can leave some gaps open for future complications. Just trying to figure out which direction to go with this. Thank you all for your help and direction

  • Debbie Palmer
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