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Updated about 12 years ago,

Steve Lafler's profile image
Steve Lafler's profile image
Steve Lafler
  • from Santa Rosa, California
  • Member since Dec 22, 2012
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Steve Lafler's profile image
Steve Lafler's profile image
Steve Lafler
  • from Santa Rosa, California
  • Member since Dec 22, 2012
Connect
Steve Lafler
  • Santa Rosa, CA
0
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Creative Real Estate Financing

Selling my investment house to my LLC: Legal?

Steve Lafler
  • Santa Rosa, CA
Posted

My wife and I have purchased our first investment property. A family member would like to form an LLC with us.
The plan is that the LLC gets a loan (with 30% down) and buys the house from my wife and I. We use the proceeds to finance our next property. Qualifying for loan will not be a problem.

Not sure about the legalities of this. Any insights?
I'm new to the forums. They come highly recommended.

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