In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.

Tod doesn't care about the tax reform as far as how it effects real estate unless it targets 1031 exchanges or depreciation expense (as Minh alluded to).

Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows: €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows: €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

Romneys experience with turning around companies with Ryans genius on economics is the dream team for the times.Obama had control of both houses for two years and did nothing on immigration reform (a huge problem for California) or come up with any solutions other than spending more money and hope it gets things going... it didn't and won't.

Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows (6 windows, 2 doors): €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

According to a 1986 Tax Reform. As

How is expanding Medicaid to the masses "health care reform?" A

The treasurers don't want any reform as they need the revenue....but it's a very short sighted strategy, IMO. 

It's nearly impossible to reform a resident.