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Updated about 5 years ago on . Most recent reply

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32
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11
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Tecsia Evans
11
Votes |
32
Posts

Can I personally buy a home vested in my C corp?

Tecsia Evans
Posted

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?

Most Popular Reply

User Stats

32
Posts
11
Votes
Tecsia Evans
11
Votes |
32
Posts
Tecsia Evans
Replied

Great thank you so much KT for the information, really appreciate the help!

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