As others have said a 1031 exchange, which allows for the deferral of capital gains taxes, is not applicable to properties held primarily for sale, such as a flip.If your goal is to defer taxes, you might consider holding the property as a rental for a period to qualify it as an investment property, which could then potentially be eligible for a 1031 exchange.

Same experiences as above....great product with very helpful customer service and they always seem to be adding new features.

Hi @Sean Leahy - good direction, I've never considered this but now that I think about, whenever I've had some random rental/sale listings I've been approached by brokers who said they represent folks that are part of the insurance company's claim management process (e.g. their house burnt down due to an accident). 

This will be the largest bond sale in US history coming up which on top of the debt we are also running as well - if we have so much debt to sell I do not see rates going down, I think they may rise (or stay around where they are at). 

Until you sale or settle up.  

Was that a past career in sales, management, or something related to real estate?

Lee's organization has made several other pitches for sales since then but I have not spent another penny! 

My day job is being a financial professional, so I have good experience with underwriting and sales that I believe can be translated to real estate.

If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.

This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.