If you are a wholesaler, the IRS considers you a dealer anyway.Reason for the LLC is liability (protect personal assets in the event of a lawsuit) and ability to have expenses offset your income.

Also how do you handle this if a wholesaler is marketing the property, and there is a non-refundable deposit and no inspection period?

We have been reading but not been able to get the full understanding of how to wholesale pre-foreclosures, foreclosures, and bankruptcy properties.

We are wholesalers of residential properties in the Greater Houston area.

My partner is a full time wholesaler says he thinks they could sell for 20 a piece rented out.)The deal is 3 row houses for 30k total.

Not surprisingly, the negotiated price was only 10K under the original overvalued price, and has done nothing to increase offers for the house.I'd like to help him out, and potentially get this property into a price point where wholesale buyers are a consideration as well.

I will eventually rehab but will mostly wholesale for now.

To the experience real estate investors: Do you like when a wholesaler sells you something off the MLS?

Can someone email me a wholesale purchase contract that includes assignment to an end buyer for Missouri?

I don't quite feel comfortable with doing a wholesale yet, so I asked how much he would pay me to bird dog and he said $500, which I expected.