I have a home that I want to buy through my llc.

[Jason Williams]

I have an investment property that I own outright (in my personal name). I would like to buy my investment property through my llc, and use the money to pay off my primary residence. I’m looking for ideas of how to do this, and any advice on how to protect my primary property along with paying low taxes.

[Erik Estrada]

Quote from @Jason Williams:

I have an investment property that I own outright (in my personal name). I would like to buy my investment property through my llc, and use the money to pay off my primary residence. I’m looking for ideas of how to do this, and any advice on how to protect my primary property along with paying low taxes.

 Hi Jason, 

It sounds like you are looking to do a cash out refinance on your investment property and quitclaim deed to an LLC at closing?

What exactly are you looking to pay off on your primary residence? If there is a mortgage on your primary residence and you are trying to deed your primary residence property to an LLC, you will need to check with your mortgage company if they allow it. Generally, most will not. Additionally if you are deeding the property you live in to an LLC you may lose the homestead exemption which could actually increase your taxes.