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1031 Exchanges

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Jacob Flinders
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1031 Exchange to different entity

Jacob Flinders
Posted May 15 2019, 14:43

Question for everyone: 


I am selling my duplex and doing a 1031 exchange, we are currently under contract. I am teaming up with my Father to buy a different investment property. 

Here's the question: Because of financing, can I do the 1031 to his LLC even though I'm not a principal, manager, or member of that LLC?

I'm guessing it's a no, but interested to hear everyone's thoughts. 

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