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Updated about 2 years ago,
Can you buy a House Hacking Home off of your Fix-and-flip LLC?
Hi all, I have been looking for a house to house hack in DFW area but having a hard time finding ideal properties.
It makes me feel like, "why don't I buy a distressed home under my LLC with HML, fix it up the way I want to, and sell it to myself with low profit?"
But do you think this is even allowed? I mean, can this be legal?
I'm not sure if it could involve tax issues, legal issues, or any other issues that I am not even sure about that I don't know who I should start talking to.
Has anyone done something like this?
If you have any idea who I should start talking to, it will be nice to hear about it.
Thank you in advance!