Updated almost 6 years ago on . Most recent reply
Can I buy a property from a LLC in which I own.
I thought about this while analyzing a property I am about to acquire. I am partners on a property in which it will be in my LLC. My goal is to get rid of the property as fast as I could because this is my 1st deal. I could refinance to pay the lender back and have capital to move to the next project. However if I do that I don't want a partner on the deal with me. I would rather purchase the property after renovations then split the capital with my partners so I can keep the property as my 1st rental. Someone point me in the right direction.