New Jersey Wholesalers - Logistics Question

[Jordan H.]

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

[Gary Harris]

Hi @Jordan H.

I'm a rehabber throughout Jersey and Im always looking for deals. I've worked with several Wholesalers that have done it in all the ways you suggested. As an investor I don't care what you as a wholesaler makes as long as my numbers make sense to me. I prefer to not have to operate another LLC when getting another property so I prefer the assignment. Let me know if I can take some properties off your hands.

Gary Harris

[Johnathan Boyle]

Jordan H. I'd always be interested to see what you have as long as it's Essex county and you're not daisy chaining it haha.

[Jordan H.]

Hey @Johnathan Boyle I'm dealing directly with sellers of houses...so no daisy chaining going on here! ha

[Vincent Priore]

@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.