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Updated about 9 years ago,
A bit new to wholesaling
Hello all! I have a couple of questions with some background info. My ex fiancé and I purchased a LLC back in Phoenix for our wholesaling company. Now the guy recently ditched our son and I and I really want to take this thing on on my own. I'm in Chicago and I have read into wholesaling (before I was just doing the emails me contracts while he did all the "work"). My questions are:
Do I need an LLC in on order for me to wholesale? (the LLC was in his name)
Where can I get my contracts reviewed for little cost so that I can make sure they are legit and up to par in the city of Chicago?
In case I put a seller under contract, and the numbers don't add up, or no one wants the deal, do I need another contract in order to cancel out our current one or ...? I'm confused about the exiting clause.
Finally there was a moment in time where we had three homes under contract but no one wanted to purchase them because they were manufactured. I'm having a hard time understanding why exactly no one would want to purchase them?
Sorry if this post was a bit redundant but I want my business to succeed and I can't be afraid to seek answers! Thank you all! 🙂