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Updated about 3 years ago,

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Will Gaston
Pro Member
  • Rental Property Investor
  • Columbia, SC
2,209
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1,689
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1031 & Then Deed Over to a New LLC

Will Gaston
Pro Member
  • Rental Property Investor
  • Columbia, SC
Posted

Question for any 1031 experts out there (cc: @Dave Foster).


I'm looking to sell a free & clear property and want to do a 1031 with the proceeds. Would it be prohibited for me to purchase the replacement property and then deed it over to a new LLC after I purchase?

I believe the selling LLC and the buying LLC has to be the same. Curious how long I'd have to wait until putting into a different LLC.

  • Will Gaston
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