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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack
We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateBest way to 1031 a Residential property into a Commercial one?
Rohan J.'s profile image
Rohan J.'s profile image
Rohan J.
  • from Los Angeles, California
  • Member since Feb 10, 2015
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Rohan J.'s profile image
Rohan J.'s profile image
Rohan J.
  • from Los Angeles, California
  • Member since Feb 10, 2015
Connect
Rohan J.
  • Los Angeles, CA
48
Votes |
176
Posts
Buying & Selling Real Estate

Best way to 1031 a Residential property into a Commercial one?

Rohan J.
  • Los Angeles, CA
Posted Mar 29 2017, 19:23
Hi BP, I've looked up a ton of stuff on 1031s, but haven't been able to find an answer to my specific situation. I have a single family in Los Angeles that's worth around 400k, and I want to exchange for an apartment complex in Kansas City, MO. The question I have is the following: the single family is in my name, and the mortgage still has like 200k left. If I finance a commercial property in MO, I'd obviously have to put the title under my LLC. How would you 1031 a residential that has title on your name into a commercial that would be under an LLC?
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