I know there are a few different methods for wholesaling REO's and would like those who have done this before to comment on the process in more depth.I appreciate it.Dustin

You can end up owing SET (self employment tax), too, depending on how you structure it.

I am starting by one rental property and I want it to be under an llc for my own assets protection.

- Should I buy the property under my name then I setup an LLC and somehow transfer the ownership? In that case the l...

I am a beginner and have no investments yet, but starting out with the same structure that I explained above.In summary, CopyBook style doesnt help in the long run.

How would i go about in closing a deal without having to pay any of my own money or buying the house.i been reading about double closing but it seems like it might be impossible to do. whats another method that can be used?

Chances are you're going to find not only someone who's willing to help you with numbers, but someone who will look out for you if you are getting into major structural issues.

How are your deals normally structured, do the end buyers always pay all of closing costs or do you sometimes structure it differently.If i pay half the transfer taxes I am probably looking at about 1700-2000 dollars.....I also don't want to have no buyers, and end up with no assignment fees.The only thing I have been able to come up with is that if I give up 1800k in transfer taxes, I should have her renegotiate the assignment contract so that I get a 2k deposit (thus voiding the 1k deposit she already gave) and have her sign an new assignment contract with no financing clauses.

This is an age old argument that many sophists have poured plenty of rhetoric upon.I have attended two seminars pumping this method myself (the first knowingly, the second after having been tricked into believing I was attending an educational session on financing).As to your questions, I am not sure if Sub Chapter S Corporations are in the same boat as LLCs.

I would still like to see a checkbox or some method to mark a specific post to come back to later.

If your home is placed on the MLS, you will have to offer up a commission structure to an agent that represents the buyer.