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HomeForums1031 Exchanges1031 Q: Can I sell Apartment and purchase larger share of LLC ?
Robert Henrikson's profile image
Robert Henrikson's profile image
Robert Henrikson
  • Investor
  • from SEATTLE
  • Member since Apr 29, 2019
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Robert Henrikson's profile image
Robert Henrikson's profile image
Robert Henrikson
  • Investor
  • from SEATTLE
  • Member since Apr 29, 2019
Connect
Robert Henrikson
  • Investor
  • SEATTLE
20
Votes |
11
Posts
1031 Exchanges

1031 Q: Can I sell Apartment and purchase larger share of LLC ?

Robert Henrikson
  • Investor
  • SEATTLE
Posted Apr 29 2019, 21:52

Hi,

I am the sole owner of 2 (6 unit ) apartments, that I have owned for 30+ years, I am in a real estate family and currently also a 32% shareholder in a couple of family LLC's . I was wondering if I sold my Seattle apartment buildings could I 1031 exchange them for more shares of one my family LLC's (also real estate) ???

thank you in advance

RJH 

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