Selling your primary residence to your LLC.

[Wayne H.]

I am wondering if anyone has ever purchased (not transfer, purchased ) their primary residence that they were currently living in using their LLC? If I can get an investor to loan me the funds, I would purchase my primary residence using my LLC, pay off my current mortgage, then put a new mortgage on the property( with a different mortgage company) and pay the investors with the funds I received from putting a new mortgage on the property. My questions are, has anyone ever done this, and what are the pros and cons if any?