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Buying & Selling Real Estate

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Sean Cassidy
  • Investor
  • Brownville, ME
35
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83
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Rehab house under LLC, then sell to self?

Sean Cassidy
  • Investor
  • Brownville, ME
Posted Apr 16 2017, 15:25

Hello all,

Long time listener, first time caller. Love the show, big, yuge fan. Has given me ideas and I've been able to use some of the advice handed out here to get things done. So again, thanks all. 

That said, I have a question I don't think (or haven't found) has been asked yet. I own real estate, buy and hold stuff and I've done a few rehabs here and there as an opportunistic kind of thing. But, I've never personally owned anything. Always in the LLC.

 So this means I could still qualify for a first time home buyers program right? That's the easy one.

A little trickier I think, if I purchase a rehab in the LLC's name with private money or even cash, then rehab it, can I sell it to myself using a first time home buyers program? Can I flip it to myself for a profit?

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