Can I title a house to my S-Corp and sell to myself later on?
I’m trying to see if the broker I’m working with if correct or not.
I’m buying a house to fix the foundations and a few other things then out a mortgage underbit and use as my personal residence.
I rehab houses for a living and have an S-Corp I run my business through.
My broker is telling me I can’t title/deed the house to my company and then sell it to myself and my fiancé after the repairs are done and put a mortgage under it.
I’m borrowing the money the initially buy the house . Then once foundation is fixed we can get the mortgage under it as it will not make past appraisal is the current condition.
Thank in advance!