The critical issue is that the person selling the relinquished property and the person acquiring the new replacement property must be considered to be the same taxpayer or taxpaying entity.You and your husband can sell the relinquished property held in your limited liability company and then acquire the replacement property in your individual names as husband and wife and then later contribute the property into the limited liability company AS LONG AS the limited liability company is considered to be a DISREGARDED ENTITY.I assume from your original post that your limited liability company has you and your husband as the sole members of the LLC.  

Hope to contribute more in this great community, Thanks again!

Then I hear news that Freddie will no longer allow lenders to contribute grants to reach the 3% down payment requirementI am looking for suggestions to overcome the down payment hurdle.  

I've been a "stalker" of the BP forums for quite some time now, reading and scouring posts without contributing much.

She didn't contribute to the security deposit.

I love the depth of information everyone contributes here. 

An IRA contribution can help mitigate the tax bite but not much.But I get your real issue - you are wanting to eliminate debt not increase the portfolio. 

The easy answer is to do exactly what you suggest - purchase as yourselves as tic with the other investor and then after the fact contribute your interest into an LLC. 

@Monica LitsterAs @Jonathan Soto explained, it depends on the contribution from each partner.

But I know I'm I know what the reg says and might be unfair.Looks like there is one more reason to get a LLC so that a cash investors can treat the cash as a contribution to the LLC first and buy the property.