Flip BRRRR to partner to avoid 6 month seasoning? Creative fin??

[Cam Wright]

So, I will make this pretty clear on what we thought about doing, but is it legal?  Practical, yes. Game changer, could be.

We want to essentially BRRRR out a property in 4 weeks.

1. I purchase the property cash.

2. I renovate the property in about 3-4 weeks.

3. I sell the property to an LLC which is held by my partner and myself to get a "refi" on. Use a conventional loan to purchase.

Has anyone ever done that, or can it be done?  Would my partner being a majority holder help, or can I not sell to something I have an equity interest in?

Ex. We buy the property for $95k and put in $15k. I sell the property to the LLC for ARV value of $160k. Appraisal comes back good.

Thank you for the comments.