Can I buy Real Estate with another LLC's profits?

[Kris Lippi]

Hi there, my question is really around taxes, I'll admit it is not my strong area and I do have an accountant that I will advise but figured I would see what discussions are generated here.

So for my example, I have an LLC that is generating profit and I would like to purchase some multifamily investment properties with that money. However, I would like to do that without paying taxes on it before I buy. Say if I formed a second LLC for purchasing the properties is there a way to use the first LLC's profits to purchase properties with the second LLC without paying taxes? Legally of course. For example, what if the second LLC is owned by the first LLC?

Any thoughts?