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Updated about 3 years ago,

User Stats

17
Posts
7
Votes
Jason M.
7
Votes |
17
Posts

close in an entity then “sell” the property back to yourself.

Jason M.
Posted

came across a very unique property. However, the seller only wants cash or a renovation loan. Spoke with my lender and was given the idea to close in an entity then “sell” the property back to yourself.

Curious if anybody has any experience doing this? Is certain things I should look out for Taxes for ex