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Updated almost 7 years ago on . Most recent reply

Scott Ruffrage's profile image
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Scott Ruffrage
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  • from Greenville, South Carolina
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Scott Ruffrage
  • Investor
  • from Greenville, South Carolina
  • Member since Jun 19, 2016
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Scott Ruffrage
  • Investor
  • Greenville, SC
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Buying & Selling Real Estate

1031 exchange through an LLC

Scott Ruffrage
  • Investor
  • Greenville, SC
Posted

Greetings,

I am selling a residential rental property and using the $ to purchase a ocean front rental condo. I have an LLC. Could the LLC buy the Condo now, and then when i sell the rental, purchase the condo from the LLC via a 1031 exchange?

Thanks,

Scott

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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

You cannot purchase or sell a 1031 property to yourself no matter how title is held.

@Dave Foster

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