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Updated over 6 years ago,

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1
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Eric Danso
  • Milton, Ontario
0
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1
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Sale of home to personal business to get liquid

Eric Danso
  • Milton, Ontario
Posted

I am considering ways to get my equity out of my home, while still keeping. I am looking to buy my first property and thought this would be the best way to catapult me into real estate investing.

Home is worth 780K and I would 380K.

The thought was to get liquid and leverage the money to purchase a duplex/triplex and have some leftover for maintenance and unknowns.

I was told selling my home to my corporation might be the best way to get all my monies in my home for that first step in real estate investing.

Looking for comments and suggestions or anyone else in the same situation and how you moved forward. 

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