Purchasing cheap land using my LLC

Asked by lucasvickers, 11232 Thu Aug 23, 2012

I am new to owning an LLC, and was forced to do so because my employer does not want to give benefits and wants to hire my company directly. I am trying to understand how I can leverage this fact to purchase a fixer in the Detroit area.

Could I purchase a 50k home in Detroit using my LLC, and pay pre-tax on this property? Could I then sell the house to myself at a discount, or must it always sell at estimated value? Down the road as I have more income could I slowly purchase the house from the company, in essence getting to use pre-tax money as seed capital?

Anyway I getting lost in the complexity of this. Can anyone recommend a good book or reference on real estate through LLCs?

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