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Updated almost 12 years ago,

Sean Brennan's profile image
Sean Brennan's profile image
Sean Brennan
  • Rental Property Investor
  • from Manchester, NH
  • Member since Jan 16, 2013
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User Stats

447
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81
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Sean Brennan's profile image
Sean Brennan's profile image
Sean Brennan
  • Rental Property Investor
  • from Manchester, NH
  • Member since Jan 16, 2013
Connect
Sean Brennan
  • Rental Property Investor
  • Manchester, NH
81
Votes |
447
Posts
Wholesaling

Should a trust be used in a wholesale transaction

Sean Brennan
  • Rental Property Investor
  • Manchester, NH
Posted

So, Will Barnard suggests using a trust for wholesale transactions in the BP summit audio. He mentioned that he would be the trustee and the end buyer would be the beneficiary. This is the only place I have heard of this. Everywhere else I have read mentions using an LLC and assigning the contract or doing a double close.

What are the advantages and disadvantages of each?

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