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Updated about 5 years ago,

Heather Carbone's profile image
Heather Carbone's profile image
Heather Carbone
  • Real Estate Agent
  • from Boston, MA
  • Member since Mar 21, 2016
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User Stats

15
Posts
3
Votes
Heather Carbone's profile image
Heather Carbone's profile image
Heather Carbone
  • Real Estate Agent
  • from Boston, MA
  • Member since Mar 21, 2016
Connect
Heather Carbone
  • Real Estate Agent
  • Boston, MA
3
Votes |
15
Posts
Buying & Selling Real Estate

1031 exchange question

Heather Carbone
  • Real Estate Agent
  • Boston, MA
Posted

I own a property with a partner 50/50 in an LLC. We are selling out of that home and would like to take our proceeds and buy 2 places separately. Has anyone ever heard of a drop and swap where 2 LLC's are created from the existing LLC and both members become tenants in common and therefore are allowed to take their proceeds in the new LLC's and buy their own properties? Any advice is appreciated!

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