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Would it be legal to "sell" my property to a rental business I'm starting and "renting" the property back to myself as a person with the business as the landlord?
Basically I want to get a new business off the ground by making my residence the first rental property and being able to run all maintenance and improvements through a business tax deductible method vs. off of my own personal credit. and gain experience in renting my own property to myself, creating a business credit score, and making the business look better when its time to purchase new properties to rent out in the eyes of the lender's/banks.
The process would have to be documented officially of course. with a sales agreement drafted between myself and my business, with terms and conditions I'm sure.
‎June 3, 2019
1:04 PM