All Forum Posts by: Justin Van Riper

I have a seller looking to sell a commercial property that is owned under a LLC. My buyer wants to buy the LLC (aka keep the current mortgage) and then bring cash to closing to cover the difference between the purchase price and loan balance.

Is this possible?

Can you get out of paying self-employment tax if you wholesale full-time? Also, what if this is not the only aspect of your business (also own rentals)?

Is it possible to do a wholesale deal when your buyer is just looking for a handyman special (for their primary residence) and is going to using conventional financing? Here's an article explaining what I'm talking about:

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Is this still possible today? It seems like you would be able to do a lot more deals if this was the case. Rehabbers are looking for properties at about 50% of ARV. I would think an average Joe would be happy paying 80% of ARV, opening up the possibility of taking deals you otherwise wouldn't do with a cash buyer.

Can someone please explain if this strategy is still possible and if so, why it's not utilized more?