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.

When the money dries up, they'll leave just as quickly as they arrived and you may be stuck with a real mess.If it can produce more money as a short-term rental, do it yourself.

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. 

It was a cut and dry project and since it was my first deal it was an easy entry having already been slightly remodeled.

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

I think the opportunities have dried up.  

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

Russ has a lot of creative solutions and uses established case law to work in ways that some of the more "cut & dry" intermediaries do not.