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Updated almost 8 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Jordan H.
  • Investor
  • Hudson County, NJ
1
Votes |
6
Posts

New Jersey Wholesalers - Logistics Question

Jordan H.
  • Investor
  • Hudson County, NJ
Posted

I'm a fix-and-flipper at heart but have a bunch of deals working that I'd like to wholesale out.  Being new to that side of the business, I've got a few logistic related questions for people currently wholesaling in NJ on best practices for closing:

-- are you creating an LLC in the property's name that you're then selling to the end buyer?

-- are you assigning the purchase agreement for a fee to the end buyer that shows exactly what you're making on the deal?  

-- double closing so end buyer doesn't see what you're making? 

Any advice you can share on the best way to get this done legally, quickly and with the least amount of people seeing what you're making and asking questions would be ideal. 

Thanks!
Jordan

Most Popular Reply

User Stats

100
Posts
35
Votes
Vincent Priore
  • Investor
  • Wyckoff, NJ
35
Votes |
100
Posts
Vincent Priore
  • Investor
  • Wyckoff, NJ
Replied

@Jordan H.

I'm a rehabber and always looking for deals as well.  Agree with @Gary Harris and @Johnathan Boyle regarding daisy-chaining and profit.

Please add me to your buyers list, would love to see what you have.

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