Planning a 1031 -- need a good broker

[David Smith]

I plan to sell a 4 family in Hudson county, and 1031 to another investment multifamily/commercial mix use in Bergen/Hudson County or around.  And the property to buy will depend on how much I can sell the 4 family.  Surely the sale price will be higher than that i paid for. 

1)  Any broker you can recommend for such a deal?  Someone who knows the 1031 timing, legal and tax and financing concerns, and finding a deal to buy.  I had RE license before.  Shall i find a commercial broker instead of residential broker?

2) The 4 family is not in LLC name. Shall i change it to LLC before I sell, so as to better facilitate the 1031 and for the buying deal?

Thanks.

[Wayne Brooks]

The llc doesn’t help anything, and could screw things up.

You QI is the one you need to help guide and strategize with. @Dave Foster knows this stuff inside and out.

One important thing, talk to the lender you plan on using and try your best to get the replacement property under contract as soon as possible after your closing, possibly before, and certainly before your 45 day identification period if at all possible.