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Updated over 9 years ago,

User Stats

52
Posts
11
Votes
Rob Green
  • Investor
  • Mapleton, UT
11
Votes |
52
Posts

Wholesaling - Selling the entity and not the contract

Rob Green
  • Investor
  • Mapleton, UT
Posted

I have my own opinions as to whether or not wholesaling should be legal or not. However, it seems to me that one fairly simple way to avoid the whole issue of brokering a sale is to sell the entity in which the contract is held. If the contract is the sole asset of the entity, selling the ownership/controlling member interest of the entity would bypass the problematic issues of selling a contract. 

Has anyone had any experience (positive or negative) with selling the entity holding the contract instead of selling the rights in the contract itself?

I look forward to all of your replies.