Should/Can I transfer my Multi-Family property in an LLC

[Erik Williams]

I am currently under contract to buy my first Multi-Family (4plex) property and actively looking for my second property. Because of 1031 exchange rules, I have to make the purchase of the property under my own name, but would like to put it in a LLC to protect me in the future. My questions, does anyone know how long I have to wait before I can transfer my property over to the LLC? Also, would transferring the property (by quick claim deed possibly) violate my 1031 exchange rules? Could the transfer be seen has a sale? Lastly, how will the transfer affect my financing (will be putting about 30% down). Thanks for all your help.