Assignment or Double close?

[Hunter Ambos]

I hear a lot of wholesalers using assignment on their deals and it seems to be the most profitable route. However it seems that some states are very strict about people who assign contracts and often come after them for practicing without a license(Ohio specifically). Any advice on how to make the most profit within the law?

[Jonathan Holmes]

If you want to do it seriously in Ohio I’d recommend getting licensed. If that’s not what you want to do a double close is pretty much the only legal way to do it. I heard someone talk about buying a property in an LLC and the selling the LLC with its assets which would probably work to. The only issue with the double close in my opinion is the extra closing cost and the need to use your own money even temporarily.