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1031 Exchange Contract names
I am thinking about buying a new home with my 1031 money. House with be ready in time for closing. Agent wants to do paper work in my name. Then put my LLC on the title. Is this correct? My 1031 exchange is in my LLC name.
Also I don't have all the money I need for down payment . They want 20% down because I am paying cash. What options do I have for finding down payment money. I need 27K.
Thanks
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Dave Foster
Tax & Financial Services
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- Qualified Intermediary for 1031 Exchanges
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