Rather than assigning from one entity to the other we rewrote our AOS in the new entity name (not a wholesale, just an entity change mid-purchase).Interested to hear others experiences.

Good morning AnnYes I am aware that I could not use buyer C’s funds to purchase a property,  I was taught that in one of my classes,  I liked how you were right to the point with your answer, my purpose for asking the question about double closings is I am searching for mentors in the real world of real estate, I guess I could have asked google the question but that wouldn’t have got me in touch with real people with real answers, this site is fantastic for beginners like myself, I’ve been installing flooring for 43 years working with realtors and new builds and investors, I decided to retire my back and knees from my trade so I can continue to work with clients on a different level,  I just completed and built my dream cabin in central Maine, I coordinated the entire project and hired all the contractors and paid them as well, I do have a passion for real estate, one of my goals is to gain relationships with realtors Thank you for your answers Mat

Sagnik-It depends on what your investors comfort level is with you.

However, I would be interested how other states handle this as well.I understand that a DBA can be filed at the State level (SOS) or County level. Is

Sounds like you know exactly what your comfort level is and your investments are doing well.

So I offered at a level I knew was where I could make a $ but still fair to the owner.

The level I blocked at are gatekeepers with no decision making role.

While I continuw to work my W-2 day job my income from Real Estate is very quickly approaching my W-2 income level. I

You are basically offering your friend the opportunity to buy a house, which you will then use to secure rehab financing.So if I am reading that right, he has a whole lot more skin in the game than you do.You also don't mention what your experience level is.

Several economists believe we will be leveling off (near bottom) and maintaining this leve for a while which would put upward pressures on the interest rate.If it does not not up then you made a little more than your calculations suggested you would, If it does go up you should still be ok because of averages of the years.