All Forum Posts by: Bob Orange

I have a property I would like to sell and use the 1031 exchange provision to buy another. My current property is in my personal name. I plan on exchanging into another property (possibly several) in my personal name as well. However, I would eventually like to put it into an LLC in which my brother and I own 50% each. Is there a "seasoning" period I should allow to pass before using a general warrantee deed into the LLC? And does putting it into a multi-member LLC somehow void the 1031 exchange?

thanks.