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Updated over 6 years ago on . Most recent reply

Shannon Grierson's profile image
Shannon Grierson's profile image
Shannon Grierson
  • from Clearwater, Florida
  • Member since Oct 22, 2017
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Shannon Grierson's profile image
Shannon Grierson's profile image
Shannon Grierson
  • from Clearwater, Florida
  • Member since Oct 22, 2017
Connect
Shannon Grierson
  • Clearwater, FL
1
Votes |
6
Posts
Tax, SDIRAs & Cost Segregation

Quit Claim Deed to 2nd party then repurchase?

Shannon Grierson
  • Clearwater, FL
Posted

Currently our LLC is on the deed for a rehab we are finishing up. We would like to purchase the home for personal use but need to cash out the market value to pay back investment into property. Does anyone know if we can quit claim deed the property into our partner's name and then purchase it out right from him? Would there be any red flags on this?

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