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Updated about 7 years ago on . Most recent reply presented by

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24
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7
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Mike Moran
  • Investor
  • Lancaster, NY
7
Votes |
24
Posts

Is this a Weird house hack?

Mike Moran
  • Investor
  • Lancaster, NY
Posted

Hi - so was toying with this scenario in my mind...My company (or a company of a distant relative, if necessary) - constructs a beautiful single family home for ~$750,000 and mortgage it as well. We then lease the property to a tenant, who then sub-lets it to me personally  

Probably illegal...but why? Looking for some guidance. 

Thoughts? 

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