All Forum Posts by: Nathan Driscoll

Can you sell an investment property that you owned in our own names (husband and wife) and purchase a new property using an LLC using a 1031 Exchange?

Good Afternoon BP Community, 

I purchased a piece of land for recreation 5 years ago and now am under contract to sell at a 500% increase. I got lucky that this piece of land became very desirable. I would like to use this $750k to reinvest via a 1031 exchange into a few SFH. I'm not opposed to MFH but prefer SFH as a new investor. I was curious what you would recommend on how to begin? Also how/when would you begin to scale up?

I appreciate any advice you may have. I already have a realtor and 1031 exchange company I'm working with.