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Updated over 6 years ago on . Most recent reply

Joy Jones's profile image
Joy Jones's profile image
Joy Jones
  • from NJ
  • Member since Feb 4, 2017
Connect

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35
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4
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Joy Jones's profile image
Joy Jones's profile image
Joy Jones
  • from NJ
  • Member since Feb 4, 2017
Connect
Joy Jones
  • NJ
4
Votes |
35
Posts
Rehabbing & House Flipping

Buying from your LLC

Joy Jones
  • NJ
Posted
Hello BP, Had a question if you use HML to buy a flip in your LLC, and decide to keep if for yourself later, can you buy from yoIr LLC with traditional bank loan? I had a friend actually keep his flip for his primary residence as his wife fell in love with the property and they had a baby on the way-however he used his own money to flip so he didn’t have to pay back a HML. Thank so much!
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