Does anybody in this forum have information on the following situation:
“Is it possible to 1031 exchange out of a multifamily property as the single owner and into an LLC as just one of several partners acquiring a new multifamily, even though the other partners are not 1031 exchangers. How does the like-kind rule impact this and what would the mechanics / structure of such a transaction, including the new loan look like? (Our example properties: Selling a 10-unit with $200k equity/$800k debt, and buying within the LLC an 80-unit at 90% LTV financing for $2m, applying the $200k, and other partners are putting nothing down other than reserves.)”
Would appreciate your help.
Sincerely,
PT