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Doing a 1031 exchange from 2 LLC's using agency debt
My buddy and I are each selling a property from different LLC's. He has his own LLC and I have my own. We have never partnered together before. We are trying to purchase a large property with agency debt. Fannie and Freddie require us to take title in a single entity LLC. Each relinquished property has to go from the same LLC/members to the same LLC/members. How do we get this done?