Wholesaling Reo properties

[Christopher Molines]

After I get an REO property under contract under my LLC, how do I sell my llc to the buyer? Do I have to use a title company?

[Don Konipol]

@Christopher Molines

While doable, it lays another level of complexity to the flip.

The buyer wants to be sure that the LLC has not liabilities or contingent liabilities. Some buyers absolutely won't purchase an LLC.

The LLC should be very recently formed, with a purpose as limited as possible, with only one member and should be member operated. Further helps if the LLC is formed under the laws of Nevada or Texas. Should definitely not be a older formed LLC that was just lying around.