We do not plan on actually exchanging any money for the “sale” to the LLC.Is this really a “sale” or is it a transfer or is something else?

More importantly, he owns a triplex which is now valued upwards 650k, which I want to 1031 exchange for something bigger that produces more cash flow.

In exchange you would partner up on all the wholesales and provide access to your cash buyers list as well as get first look at any deals! 

If it truly is an investment property could you do a 1031 exchange to defer capital gains and have even more cash in hand for a down payment on a multi-family?

How big of a concern is the “step transaction doctrine” (assuming one refis close to the exchange)?

The best thing you'll get from some of the intros is a few useful materials that will whet your appetite for more information.Your money might be better spent if you can partner with a mentor or coach who can walk you through your first deals in exchange for a fee.

Hey Everyone, I'm an REI newbie looking for my first deal.  My wife and I have excellent incomes, sizeable investments, and $30,000 saved up in our emergency fund.  I want to start investing in real estate and explori...

Income production is not a requirement to be eligible for 1031.Where you'll have issues is that Pennsylvania does not recognize the 1031 exchange for deferral of state taxes.  

I'm reading that part of the proposed tax reform is to eliminate 1031's.  http://www.foxbusiness.com/features/2017/06/13/103...Anyone know more about this?  How likely do we think this is?

I am doing a reverse 1031 exchange.