Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
1
Votes
Debbie Palmer
1
Votes |
13
Posts

Question about creating LLC with a 1031 exchange purchase

Debbie Palmer
Posted

We have completed a 1031 exchange. It is in my husband's name as the property that we sold was just in his name. This is our first time managing property ourself as it is in our hometown of Payson, AZ. We were wanting to start a LLC. I have tried 4 or 5 different attorney offices to get legal advice on if/when we can deed the 1031 property to the LLC and also how to start up the LLC but every single one has either changed their direction or they do not have time on their calendar for this. I understand any advice from anyone on here is not legal advice, but has anyone been through this situation and what do you know about it. I have read and heard several things about making sure I get the correct type of LLC and that doing it myself in AZ can leave some gaps open for future complications. Just trying to figure out which direction to go with this. Thank you all for your help and direction

  • Debbie Palmer
  • Loading replies...