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Updated over 5 years ago,
Is this a Weird house hack?
Hi - so was toying with this scenario in my mind...My company (or a company of a distant relative, if necessary) - constructs a beautiful single family home for ~$750,000 and mortgage it as well. We then lease the property to a tenant, who then sub-lets it to me personally
Probably illegal...but why? Looking for some guidance.
Thoughts?