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Updated 2 months ago on . Most recent reply

User Stats

5
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4
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Ricky Sanchez
  • Investor
4
Votes |
5
Posts

Best options for 1031 exchange when title is under LLC

Ricky Sanchez
  • Investor
Posted

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property. The lot is paid off and deeded to our LLC, but lender will not do conventional loan to LLC for the remaining financing so we'd need to take out a loan in our personal names.

I'm seeking advise from people who may have been down this road before on whether we should seeking other financing methods to go LLC to LLC or quit claim the lot back to our personal names to satisfy the 1031 exchange rules.

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