Selling a home to yourself.

[David Johns]

Looking to make sense of idea of selling a home to myself . Currently have home closing all-cash but have had difficulty finding financing afterwards.

Wanted to know if anyone has insights, experience, and or ideas of the concept of selling a home to yourself. Home is being purchased and placed under LLC, which I own but I would like to then get it under a mortgage. So thought, why not sell it to myself for the appraised value. This of course is not too different from Fannie Mae cash delayed financing, but the benefit is most banks in local area are not too familiar with cash delayed financing.

In addition, Delayed Financing cash-out is limited to the amount you payed for the property. With regular financing you can purchase property for the appraised value and typically at a better rate.

Thoughts on the idea?