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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack
We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
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1031 Exchanges
HomeForums1031 ExchangesUtilizing a Family Members 1031
Robin Schuberg's profile image
Robin Schuberg's profile image
Robin Schuberg
  • Investor
  • from Temecula, California
  • Member since Apr 26, 2017
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Robin Schuberg's profile image
Robin Schuberg's profile image
Robin Schuberg
  • Investor
  • from Temecula, California
  • Member since Apr 26, 2017
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Robin Schuberg
  • Investor
  • Temecula, CA
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1031 Exchanges

Utilizing a Family Members 1031

Robin Schuberg
  • Investor
  • Temecula, CA
Posted Feb 17 2018, 09:39

My parents are looking to sell one of their properties and invest with me in future acquisitions. I suggested a 1031 exchange, so that they are not taxed. However, they want the new property to be in my LLC. Is it possible to purchase an investment property with a family members money (1031)?

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