The QI has to be an unrelated 3rd party to the transaction. 

Overall, it seems like the experience will be mostly wholesaling, with a little bit of other types of RE transactions, until I get more experience.Overall, it seems like they started wholesaling years ago, but now do a little bit of everything. 

Good luck  I cant see why anyone would want to try to wholesale in these markets one its illegal without a RE license in CA just read the regs.. second you do all this work and nothing closes because you cant get deals good enough..

On the other hand, if you ever had a spouse or ex-spouse who was hiding assets in LLCs you might understand the need for more transparency in these transactions.

Can you estimate the holding and transaction costs?

I have been a RE broker for 44 Years now.. and thousands of transactions in the tank..

I had an X partner after I was long gone from a brief partnership.. who went off the rail and did some bad things that were clearly illegal..

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

Hi Joe,I think going with a LOC is going to provide you with more flexibility than going through the process of obtaining financing for a purchase transaction.

But during the pandemic 218 was the the number 1 cash transaction zip and it has double the transactions of #2. i don't think its just indy though.