All Forum Posts by: John Boby
John Boby has started 33 posts and replied 55 times.
Post: 1031 USVI
- Rental Property Investor
- LOS ANGELES, CA
- Posts 56
- Votes 3
In 1031 exchange which is under my personal name, can I close my replacement property under my Single member LLC?
Post: take title to replacement property
- Rental Property Investor
- LOS ANGELES, CA
- Posts 56
- Votes 3
Thanks Bill. So what do you recommend me to do here since I have 2 choice.
1st choice is to open a escrow with my relinquished property name which is a single member LLC and ask the escrow to close under my other single member LLC which has a different tax ID.
2nd choice is close under my relinquished property name which is single member LLC, after closing change the title to my other single member LLC which has a different tax ID.
Post: take title to replacement property
- Rental Property Investor
- LOS ANGELES, CA
- Posts 56
- Votes 3
How about after closing the replacement property, can I change the title to another single member LLC?
Post: How should I take title to replacement property
- Rental Property Investor
- LOS ANGELES, CA
- Posts 56
- Votes 3
In my 1031 exchange I hold title to my relinquished property in my single member LLC but can I purchase my replacement property under my other single member LLC which has a different tax ID?
Post: take title to replacement property
- Rental Property Investor
- LOS ANGELES, CA
- Posts 56
- Votes 3
In my 1031 exchange I hold title to my relinquished property in my single member LLC but can I purchase my replacement property under my other single member LLC which has a different tax ID?