It's the same thing that happened to wholesalers and flippers.

So I would request that info to be sent to them (I'm planning to wholesale it).

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.

I was recently looking at properties online in Jersey City, since I haven't found anything I liked in NYC (meaning Brooklyn/Queens/Bronx) with a decent CAP rate.My other option is to look upstate NYany thoughts or options?

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.

I am a manager for a property management company here in New Jersey and it is set up a little different than other management companies I've seen.

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.