Im not a lawyer and cannot give legal advice on what is a best practice but in Minnesota Purchase Agreements, are assignable and don’t need added verbiage to be wholesaled.

In addition to what @Paul Allen said, Look at this as two steps( does not matter if you have an entity or without entity) 1st: You will pay tax the profit of the flip.

We are educated but we lack the practical experience, our heads go blank once we try to map out the process and due diligence with hard money lenders and contractors. 

Some of the thoughts are not practical - but lead to a certain way of thinking, of questioning things, of not necessarily accepting conventional wisdom or "the way things are".I often hear that "you cannot benefit from your IRA, nor can you benefit it". 

Good Morning Everyone, I have been putting this off for a little bit because honestly I am kind of embarrassed but I realize that to learn I need to actually ask the questions that I need answers to so here it goes.fo...

My next steps are to continue building a portfolio of solid SFRs and hopefully soon branch out into multifamily properties.

Hi all,I currently rent, and am torn on what next steps should be. 

If you have enough cash you could go to auctions at the courthouse steps and buy a fixer upper. 

That said, I am very excited to embark upon this journey and I will not hesitate to pounce on the right opportunity.So if you were in my shoes, what would your next step be?

Watching probably over 100 podcasts by now it seems the majority of successful investors are against this practice as well.