Note that a commercial company is prohibited from purchasing a new home directly from the developer. I inquired and was told that was not allowed.
You can get a commercial loan, commercial insurance, and sell/transfer a house to an LLC after purchase, and as long as the commercial company is organized / reported as a residential unit, so far so good. The restriction then is that you aren't living there, restricted by insurance coverage and tax deductions. . . which conforms to the deed restriction, because it isn't your home.
smile, you are on developer TV
|