Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

13
Posts
6
Votes
Jeremiah Lewis
6
Votes |
13
Posts

Selling my house to my corporation?

Jeremiah Lewis
Posted

Not sure if I put this in the right category. Anyway, I read, all I do is read and I have recently stumbled into something that sparked an idea but I guess I'm not sure if it works the way I interpreted it? Scenario: I have my SFR I owe $200,000 on, it last appraised at $257,000. I want to turn that into a rental, however I want to form my corporation first and sell my house to my corporation. Can I do something like okay corporation is buying the house from me, I require

$10,000 down payment on closing from the sale price, and then just keep buying houses in my name and selling them to my corporation? Obviously the $10,000 thing would only work if there was known equity in the home. How does that work with a bank? Would you basically walk in and be like hey this is my corporation and I want to buy my house from me, would they just use all of my tax returns etc to qualify my corporation to purchase from me? So confusing. Thanks y’all

Loading replies...