Updated about 5 years ago on . Most recent reply
How To Personally Buy a Property From My LLC?
My wife and I bought an investment property with hard money to flip last month.
We have fallen in love with the property and want to purchase it for ourselves as our primary residence.
Several people have said it's pretty easy to get the deed moved over to our personal name, but I'm not sure of that process.
We will have to take a loan on the property.
We have 198k in the property as a flip and it appraised for $270K.
On personal property, there is no way to use that equity to purchase, correct?
Any advice, knowledge on what to do here?
Thank you!