My goal for 2025 is to complete 50+ transactions and collaborate with even more people in this community.If you’re a private money lender, investor, or fellow enthusiast feel free to reach out.

You have to be super cautious though when looking at opportunities since some may come with unexpected circumstances such as major repairs, fines for illegal units, etc.

Wholesaling is typically illegal in most states by the letter of the law2.

He says that the 2 units on first floor would be considered illegal and that there were never any certificates of occupancy given for these 2 units and that he would issue an ORDER TO VACATE and placarded Unsafe for Human Occupancy in 3 months.

This means an LLC with an operating agreement specifying the IRS regulations regarding prohibited transactions, disqualified individuals, and others.

It’s not an arms length transaction if your wife owns the selling trust that’s buying her parent’s property for less than market value.

But I think you are asking for a standard timeline for a basic transaction @Kiryl Ulanovich. 

Quote from @Daniel Osman: @Stacy Tring@Natalie Kolodij is correct about the step transaction doctrine.

And rarely will you net as much or more from an investor than you would from  listing with an agent.Interveiw agents commissins are negotiable so negotiate those.. and these are very simple transactions so any competent attorney can reveiw the contract etc..

Chris, when you say 95% of brokers are eliminated for not being able to provide successful transaction references, are you referring to actual mortgage brokers, or are you referring to the people that attend a “cash flow” seminar and believe  the easy money hype?