FL - Buying property with LLC cash

[Jorge Medina]

Good morning, I hope everyone is well. 

I was wondering if it is possible and if so, what the pros and cons were of purchasing an investment property cash (at a discounted rate), modernizing it, and selling it to my business for a mortgage based on value of property? As opposed to a "delayed financing" or "cash out loan" and having to wait six months for a conventional mortgage. 

Thanks in advance! 

[Andrew Postell]

@Jorge Medina thanks for posting.  There is a lot to answer in your post and a lot will depend on answers such as:  how much did you purchase the property for?  How much will you sell the property for to your business?  What type of loan are you qualified for? And so forth.  For example, Delayed Financing may not apply if you can only qualify for a commercial loan.  You certainly don't have to wait 6 months on a conventional loan.  And if you do sell your property to ANY entity for a profit....then you pay capital gains taxes.

Generally speaking, when we "buy and hold" a property we follow the BRRRR method. It's tried and true and we know that it works with very little downside to it. I hope all of this makes sense but feel free to ask anything else if you need.