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Updated about 5 years ago on . Most recent reply

Guy Noel's profile image
Guy Noel's profile image
Guy Noel
  • Rental Property Investor
  • from Norcross, GA
  • Member since Jan 9, 2019
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Guy Noel's profile image
Guy Noel's profile image
Guy Noel
  • Rental Property Investor
  • from Norcross, GA
  • Member since Jan 9, 2019
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Guy Noel
  • Rental Property Investor
  • Norcross, GA
6
Votes |
9
Posts
Rehabbing & House Flipping

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!

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Lauren B.'s profile image
Lauren B.'s profile image
Lauren B.
  • from Asheville, North Carolina
  • Member since Sep 22, 2017
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Lauren B.'s profile image
Lauren B.'s profile image
Lauren B.
  • from Asheville, North Carolina
  • Member since Sep 22, 2017
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Lauren B.
  • Asheville, NC
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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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