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Updated over 5 years ago on . Most recent reply

User Stats

9
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6
Votes
Guy Noel
  • Rental Property Investor
  • Norcross, GA
6
Votes |
9
Posts

Can I flip a House to Myself ?

Guy Noel
  • Rental Property Investor
  • Norcross, GA
Posted

My question is: If I purchase a house in my business name and rehab it, let say in 6 weeks or so. Can I then turn around and get a personal loan from the bank and sell it to my self for the appraised value? Btw Happy Holidays my BiggerPockets Family!

Most Popular Reply

User Stats

170
Posts
242
Votes
Lauren B.
  • Asheville, NC
242
Votes |
170
Posts
Lauren B.
  • Asheville, NC
Replied

@Guy Noel I sort of did this. Bought in llc with private cash to get a distressed property quickly and refinanced into my own name with a bank two months later with cash out refi.

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