How to transfer my rental into a newly formed LLC

[Jim Ziccarelli]

Hi,

I currently own two 4-unit homes and live in 1 of the units. Of the home I do not live in, I would like to create an LLC and get transfer the home from the mortgage under my personal name into the LLC with the intention of later selling the home with a 1031 exchange to purchase a larger investment property. I want the current one under the LLC so that way when I perform the 1031 and have the new property under the LLC since you can't change ownership unless there's a way to do that somehow. I would also consider even putting the house I live in under the LLC as well even though I don't plan on selling it anytime soon but do plan on moving out of there within the next year. Does anyone know how to go about getting my newly formed LLC to be able to take over my current mortgages or if there's a way to transfer the benefits of a 1031 from my name to an LLC at the time of a purchase?