Will GastonPoster
#4 General Landlording & Rental Properties Contributor
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- Rental Property Investor
- Columbia, SC
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1031 & Then Deed Over to a New LLC
Question for any 1031 experts out there (cc: @Dave Foster).
I'm looking to sell a free & clear property and want to do a 1031 with the proceeds. Would it be prohibited for me to purchase the replacement property and then deed it over to a new LLC after I purchase?
I believe the selling LLC and the buying LLC has to be the same. Curious how long I'd have to wait until putting into a different LLC.