My first official post on the forums.

In it, the author says,"Wholesaling" is sometimes called "flopping," a relative of "flipping."

I even started sharing my experience with a wider audience as a real estate author.

They are a state authorized entity and the protections of asset and anonymity are differed state by state as well as the permissibility of using foreign registered LLCs in a given state.If you end up holding for purposes of productive use and 1031 exchanges I'm a fan of LLCs because they are disregarded for sole members when the activity flows through to their personal return.  

Make sure to discuss the use of bridge loans with all parties prior to consummating a transaction.Bridge loans are best obtained through Financial Conduct Authority (FCA)-regulated brokers.

I get a weekly newsletter from a CPA/author named Phillip Campbell.He had an anecdote along the lines of your statement.  

If the property was in California, look for a paragraph towards the end of the Purchase Agreement you submitted that will read something to the effect of:EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit, if any, shall be returned to Buyer unless the offer is Signed by Seller and a Copy of the Signed offer is personally received by Buyer, or by _________________________________, who is authorized to receive it, by 5:00 pm on the third Day after this offer is signed by Buyer (or by _____________ AM/ PM, on ___________________(date)).

Sounds like you need the taxing authority to explain it to you.  

You need to determine the capacity, powers and level of authority that seller(s) have as the person in charge.In CA, the court document which will best identify those powers is called 'Letters' however they may referred to by various names in other jurisdictions.With these Letters you can determine if court confirmation is avoidable or required.If required, many attorneys want to review your offer prior to his/her client (the PR) signing the agreement.

We have considered lenders before we applied for a home loan by Nv Rural Housing authority.