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Updated over 6 years ago,
selling my home to me
Background: I own one rental property. My current house I will, once I find my next home, rent.
The house, current house I want to rent, has 90% equity.
Question: Can I sell the house to a LLC, my LLC that I will create?
Goal: Because I would sell it to the LLC, and use the money to pay the 10% remaining balance and use the rest for my next primary residence.
Why? My tenants will pay my mortgage for my primary residence.