Buying a house from my LLC
My wife and I are wanting to buy and live in a cash-only REO house that is non-financeable , but pull our cash back out to keep flipping. The plan is to buy the Cash-only REO using our LLC, fix the health and safety issues in this home (which will then make it financeable), and then purchase the house with my approved 150k residential loan. So I would be buying my home from my wife & myself. To be clear: the goal is to be able to use my approved bank loan to purchase a cash-only property in order to get a good deal. Does anyone know if this is legit?