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Updated over 10 years ago on . Most recent reply

Delon Hall's profile image
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Delon Hall
  • Investor
  • from Atlanta, Georgia
  • Member since Jul 8, 2013
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Delon Hall's profile image
Delon Hall's profile image
Delon Hall
  • Investor
  • from Atlanta, Georgia
  • Member since Jul 8, 2013
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Delon Hall
  • Investor
  • Atlanta, GA
32
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97
Posts
Wholesaling

Is it possible to wholesale a REO property (www.homesearch.com)?

Delon Hall
  • Investor
  • Atlanta, GA
Posted


Is it possible to wholesale a REO property (www.homesearch.com)?

I have located a REO property that another wholesaler has found an end buyer for. The co-wholesaler has already gotten earnest money from his end buyer which is now with the closing attrny, but no contract is in place since I have not placed the bid.

Can I assign, double close, or sell my llc?
Could I just place the offer my self, assign to end buyer, and split the profits with co-wholesaler?

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Joe Villeneuve
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  • from Plymouth, MI
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Joe Villeneuve's profile image
Joe Villeneuve's profile image
Joe Villeneuve
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  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,417
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

How much is it to start an LLC? In Michigan it's $50, so we always make the offers in the name of an LLC...then just sell the LLC.

Joe Villeneuve
REcapSystem
A2REIC

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