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Maryland Real Estate Q&A Discussion Forum

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Tony Sepassi
  • Investor
  • Reston, VA
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flipping a MD property but not a MD resident

Tony Sepassi
  • Investor
  • Reston, VA
Posted Nov 30 2016, 04:49

Hello,

I want to flip in Maryland, infact I have one property which I will be going for closing soon but I know Maryland has this law if you are a nonresident and have not lived in the property 2 years out of the 5 years when you do sell your property they will withhold 7.25% of the sales price.

Is there a way to go around this? Maybe form a LLC in Maryland and have a friend that lives there as a agent?

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