Wholesaling: Sell the LLC or Sell the contract?

[Khari F.]

Which do you prefer and which is simpler? I assume selling LLC is more complex for newbie since you have to structure LLC as manager managed and requires Manager Resignation and Appointment of Manager documents. or is there an simpler way. Thanks ahead for any input.

[Brian Jordan]

@Khari F. I would say that the biggest challenge for me was getting a buyer to understand the concept and the reasoning behind it. I've only tried it twice and was successful both times but it's definitely more involved than a simple assignment. I would definitely put that out there with your initial advertising of the property so it's not a surprise to the buyer after they've looked at the property and invested time in to it. It will probably be easier with buyers you already have a relationship with as well. Best of luck!