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Updated almost 12 years ago on . Most recent reply

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Kaz P.
  • Investor
  • Chicago, IL
2
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53
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Wholesaling without selling your entity

Kaz P.
  • Investor
  • Chicago, IL
Posted

Is there another document I could use for wholesaling without selling my entity? For instance in a double close...I have read about land trust but a little unclear about the process of setting it up. I'm concerned if I can use it over and over to close deals. Can you do this HUD properties? Insight on this would be very helpful and appreciated.

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

With a Double Close, you buy the Property, then resell the Property (not the entity).
You sell the entity when an Assignment, or a Double Close, are both prohibited. This way the Property did not resell, and the Buyer (entity) remains the same.

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