Most "rollovers" now are direct transfers, custodian to custodian either via wire or ACAT transfer, and are non-reported transactions to the IRS (non-reported is a misnomer, it will be reported as a rollover contribution on your 5498, but you wont be issued a 1099 a distribution.)Adam

Must the homes be transferred into the ownership of a company-like entity?

(c) Prohibited transaction (1) General rule For purposes of this section, the term “prohibited transaction” means any direct or indirect—(A)sale or exchange, or leasing, of any property between a plan and a disqualified person;(B)lending of money or other extension of credit between a plan and a disqualified person;(C)furnishing of goods, services, or facilities between a plan and a disqualified person;(D)transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan;(E)act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interests or for his own account; or(F)receipt of any consideration for his own personal account by any disqualified person who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.

Here's what I would like to know:Option 1 would be to transfer title of the home into the LLC's name, fix and flip the porperty, and do a 1031 exchange to defer capital gains?

The total 10% will be wire transfer to me from Europe.

Also, letting someone else have their name on your investment is super-scary as they will be the ones determining when and if it's sold; if they die or marry before transferring it, their heirs or spouse could own part of your investment; income tax consequences or you paying grantor's or transfer taxes just to get it in your name, etc.

Raquel Baranow,I highly recommend contacting the TAS to get their assistance in having it transferred to an office audit.

(Speaking of closing, you should make sure that the bank transfers a security deposit.)As to verifying the rental amount, I would think that the bank should be able to provide proof that the tenants have been paying them rent, how much and whether or not the payments are on time.

Luckily, I had the old paper statements and wire transfer receipts.

Financed offers must have BAC pre-qual, BAC employees cannot purchase home, Deed restruction language for cash deals transactions The Grantee(s), or purchaser(s), of the Property may not re-sell, record an additional conveyance document, or otherwise transfer title to the Property within 60 days following the Grantor's execution of this Deed.So, am I understanding this correctly?