1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on .
Most recent reply
presented by

1031 Question- into self owned LLC?
We have a client who is looking to sell one of his properties that is in his personal name, and use the proceeds to buy out his existing ownership share in a multi unit he owns. I don't believe 1031 guidance would allow you to exchange into a entity or other asset that you own personally either outright, or as a member of the ownership LLC.
I’ve already reached out to our contact in the industry, waiting on some feedback. Anyone have any experience with similar situation?
- Matthew Morrow
- [email protected]
- 484-791-6200

The Morrow-Wargo Group
41 Reviews
5.0 stars