1031 Syndication Funds - Need TI?

4 Replies

Hi All,

I am investing in my first syndication. Ideally I'd like to 1031 my profits when the deal sells in 7-8 years. In order to do so, does my LLC need to be listed as a tenant in common?

Anything else I need to be aware of?

My LLC is a sole proprietorship, so that makes it a little more straightforward for taxes.

Thanks in advance!

Craig

@Craig Fitzsimmons , I agree with @Brandon Bruckman that you need to be in a TIC. And that will mean that you will likely need to bring a large amount of capital to the deal to get a syndicator's attention. Make sense? Unless you want to invest in a Delaware Statutory Trust (DST), which is set up in advance for you to be able to 1031 exchange into or 1031 out of.