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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Chris Conner
  • Northville, MI
3
Votes |
10
Posts

New Real Estate Co. Renting Houses

Chris Conner
  • Northville, MI
Posted

I had a Question.  My partner and I just open a brokerage.   I own a small rental home and rent is 900 month.  Could this company buy this home from me ? If yes , and I sold it for the same or less than I bought it for would I have to pay tax on the sale ? I was just thinking of doing this so the company would have some income coming in and give the company some valuable assets.  What are the tax implications on this ? In the future could the company buy More homes to rent ? 

Thanks 

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