Depending on the preference of the seller, I am actually presenting my potential buyer's information to them and getting their approval before we close with title company.That is a basic outline of the process I am using.

The numbers below present exactly how I see the situation in real life, except that I am using 5 properties in place of 10 for simplicity.Note: This would be a service to all those who cannot receive a conventional loan for unknown reasons, often unfair reasons for sure, as they are contributing members of society who have never done wrong to another.

Could we use a quitclaim deed ( Not sure if I even understand that or if I am using it correctly)?

I will likely be putting in about $20k into the property which I am using cash out of pocket to do.

I will definitely let you know I am waiting for a deal to close and I am using the returns to fix and move the trailers it the area.

I am using 3 of my new clients as test bunnies.

I am using some of those tips.

I love how robust it is and the support at OwnerRez is very good in my opinion.Even though I had my own business website I recently ditched it and am using one of OwnerRez's sites instead.

We created a LLC with an operating agreement which addressed who does what and who gets paid and how much.After closing, the property was transferred to the new owners (members) and the closing agent paid us per our Operating agreement.I also have used LLC's when I am using a money partner where they wanted to have a formal agreement.In my experience, there is no benefit from using an LLC in a A to B B to C unless you have a complex partnership.LLC's are not effective in preserving seasoning and they will likely only complicate a process that is already way too mucked up!

I am doing my first flip and I am using a flip spread sheet to keep up with all expenses.