Then you'd normally use a title company and escrow or attorney as closing agent to handle money, documents and insure the transaction's title.Every state (and some local courts, too) have different laws and rules that may make this simplified explanation inaccurate for your situation.

I was wondering if such an app to simplify things existed.

That said, am I over simplifying the general idea?

(I have never had evict to anyone yet, so apologies if I am over simplifying) I am sure a lot of people will be against this idea, so I am curious to hear the reasons why this would not work or not be a good idea in general.

As we continue our mission to improve BiggerPockets via Project Simplify, I come to you with a big announcement.

But, out of curiosity, I was thinking about removing the graphs and table but posting a simplified summary of my research in the forum to see how much traffic it receives.

To simplify the transaction, you could have the HML lend directly to the wholesaler, then have them assign the mortgage over to you once you buy the LLC.

On the other hand if you have up towards a million cash then thats a different story, retiring several mortgages might be a nice idea to simplify your life.

While I have simplified all of this in this short post Ron Legrands 10 or 12 cd on the matter of wholesaling spells it out in details.

I simplified my post.