1031 From Personal to LLC w/Partner
I'm looking to do a 1031 from a SFR owned in my personal name to a commercial MF property which will be owned by an LLC w/ a partner (50/50 ownership). FYI- the partner is not my spouse. I've read about some of the difficulties in doing this, however I know people do 1031's into syndicated deals so I would assume this is similar. I was told titling as Tenants In Common would solve this but the paralegal handling the purchase thought there would be an issue with ownership % interest. I appreciate any help and guidance.