Can I buy my own LLC house?
I have a rental-income producing house in my single member LLC.
I need cash fast. I have tried to sell this house, but have been unsuccessful so far.
Can I (as an individual) buy the house from my LLC? I will get a mortgage loan. I will buy the house from the LLC. And then the LLC will distribute the money to me.
Is this legal? Will it work? What costs will be involved?
Thanks.