flipping a MD property but not a MD resident
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?