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Buying & Selling Real Estate

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Kristina Szwaja
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Can I purchase my own home??

Kristina Szwaja
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Posted Feb 23 2023, 12:24

Curious can I purchase a home with my LLC from myself?

I have a house that is in my name and the question is can I buy it from myself through my business LLC?

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Charles Carillo
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  • Rental Property Investor
  • North Palm Beach, FL
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Charles Carillo
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  • Rental Property Investor
  • North Palm Beach, FL
Replied Feb 23 2023, 12:33

@Kristina Szwaja

Usually, you would do this through a QuitClaim. As I understand it, if the current owner of the property, is the same as the owner of the LLC; there are no tax consequences. Definitely, speak to your attorney and accountant before making any changes.

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Kristina Szwaja
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Kristina Szwaja
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Replied Feb 23 2023, 12:34

Thank you for the response and I will definitely look into that.

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