Updated over 2 years ago on . Most recent reply

Living in my own duplex rental
Hello all, I currently have two rental properties (sfh) located in Houston. I hope to do a 1031 exchange and possible purchase a 4 plex with the intent of my living in one of the units. Is this allowed in the state of Texas. My rental properties are under my LLC and so would the duplex. Can I as an individual pay my LLC rent?
Thanks
Most Popular Reply

Dave Foster
Tax & Financial Services
Pro Member
- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
- 9,523
- Votes |
- 9,191
- Posts
@Alberto Vazquez, Vesting of the title is usually in the individuals name. That would be a great question for a lender, if a disregarded LLC would work. From the 1031 perspective it is fine.
- Dave Foster

The 1031 Investor
109 Reviews
5.0 stars