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Updated almost 2 years ago on . Most recent reply

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Alberto Vazquez
  • Investor
  • New Braunfels
4
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19
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Living in my own duplex rental

Alberto Vazquez
  • Investor
  • New Braunfels
Posted

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

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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
9,372
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9,003
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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@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
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The 1031 Investor
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