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Updated about 5 years ago on . Most recent reply
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Can I personally buy a home vested in my C corp?
We have a new construction SFR project in Oakland under our C corporation, where my husband and I are the only shareholders. We used a hard money lender to fund project. Project will be done in a few months and we decided recently to purchase it for our own primary residence instead of selling. Could we sell it to ourselves using conventional financing or would we have to refinance it? If we can sell it to ourselves would we have to pay transfer taxes?
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Great thank you so much KT for the information, really appreciate the help!