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Updated almost 7 years ago,
In need of a CPA, Lawyer, and 1031 Intermediary
Hi all,
A few years ago, a family member of mine set up a real estate investing LLC in California.
She currently owns a single asset -- a farm in CA. Her initial plan was to sell the farm, retire, and fold the LLC.
However, I've convinced her to do a 1031 exchange and reinvest the profits into another property, out of state.
A friend and myself are doing all of the leg work for this deal and are planning on putting in some cash of our own.
We are in need of a CPA, Lawyer, and a 1031 Intermediary that can help us do the 1031 exchange, as well as advise us on how to properly split up the equity of the property we're going to buy.
Additionally, if it makes sense for our goals, she is open to giving us equity in the LLC, as well.
Thanks,
Spencer