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Updated about 4 years ago,
Property transfer from personal to LLC to personal
I have a remodel property project that I am planning to switch under single owner 100% LLC and get private financing to finish the project. I am out of funds and I can get the financing only under LLC. Once I am finished and if the house is not sold quickly, I would like to switch under my name quickly and refinance it at lower conventional rates as my homestead. I will be then occupying the house for few years before selling it. Will I have a problem changing from LLC to personal homestead and will it cost me any additional taxes?