Since the property is under mortgage, just transferring to LLC will most likely trigger the "due on sale clause".3.

If you do pull the trigger and buy something, it's likely going to get worse in the first 3-6 months after closing.

Hi @Ramada Evans - I recommend doing a bit more homework on the deal before deciding to pull the trigger.

Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.

Because again, we both know that it's nonsense to think it'd be worth that much money.Wow, this really triggers you!

🎯 I get it, though—pulling the trigger on the first deal feels like stepping off the ledge.

I was considering pulling the trigger myself to be honest. 

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid. 

I have looked into HELCO and just dont know when the time is right to pull the trigger because of the rates. 

And now presented with the risk scenario they go into attack mode.Yeah, back to start, it looks to me as Marco is pulling triggers that were always there, going to plan Y, Z etc...