How Do You WHOLESALE a BUILDING?

[Charles Kagahastian]

Hello all,

So here's the situation. My partners and I have come across a number of 40+ unit buildings at a discount and I have buyers willing to move at prices that make all parties happy. The only obstacle now is what strategy does one use when wholesaling buildings?

Can you assign?
Can you double close?
Can you do a Land Trust?
Division of Proceeds?
etc.

Keep in mind however that one particular building we have that we can move the quickest is a HUD building. This requires HUD eligibility requirements. We're working on finding HUD buyers now and we have someone working on finding out how to qualify some of our current buyers.

The main question is what should our wholesaling exit strategy be for a 40+ unit building?