Just curious, if we received separate 1099's would that change your answer?

And I assume they're paying a PM to manage it as well.Granted these numbers probably aren't as bad as some of the #s from the boom period, but I was surprised that the buyer didn't at least try to negotiate more on the purchase price, especially since it was on the market as an REO for months.

Originally posted by Justin S.

@Justin S.

Originally posted by Anna S:...

Here are a couple of BP links:http://www.biggerpockets.com/forums/93/topics/70516-structure-of-wholesalinghttp://www.biggerpockets.com/forums/79/topics/6100-how-about-a-course-or-book-on-wholesaling-but-something-http://www.biggerpockets.com/forums/93/topics/54108-buyer-s-list-how-to-

Uwe S. basically you are looking for a private lender or money partner.

Great question, what I do is have them sign the assignment agreement and just turn in your P&S from the seller and assignment with the buyer to the title company.

My guess is they'll recommend an "S" Corp in the state you'll be operating (even a Nevada Corporation will have to be registered in that state in order to be recognized).

Jeff S.