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Updated about 6 years ago on . Most recent reply

User Stats

2
Posts
0
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Colleen Esposito
  • Flipper/Rehabber
  • Florida east coast
0
Votes |
2
Posts

Insomniac challenge from a newbie

Colleen Esposito
  • Flipper/Rehabber
  • Florida east coast
Posted

If mother luck shines about 2 months more, our goal of flipping until we can pay cash might come true. My question comes in after the purchase. I need deductions. Mortgage interest and taxes were some big ones. I have no desire to pay someone else interest though.

Can I buy the house with my own LLC, sell it to myself through seller financing, and pay for a mortgage that ends up in a retirement account? Or can I get a note after the purchase to do the same thing?

Might not fit this innovative category but it does for mine!  It might also be highly illegal. If so, I can promise you that I have no intention of breaking the law. Just looking for your thoughts.

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