Best way to 1031 a Residential property into a Commercial one?

[Rohan J.]

Hi BP, I've looked up a ton of stuff on 1031s, but haven't been able to find an answer to my specific situation. I have a single family in Los Angeles that's worth around 400k, and I want to exchange for an apartment complex in Kansas City, MO. The question I have is the following: the single family is in my name, and the mortgage still has like 200k left. If I finance a commercial property in MO, I'd obviously have to put the title under my LLC. How would you 1031 a residential that has title on your name into a commercial that would be under an LLC?