While I feel he is trustworthy, I have no intention going in blind.

Only a number of members here have access to the MLS - you'll be better-served by providing the details as well as your intentions/strategy.

toni, i bought a pair of duplexes in my neck of the woods with the intentions on flipping about 5 months ago.

Jonathan, Your family has the best of intentions in trying to help someone they care about.

When im dealing with my buyer and seller in wholesaling realestate is it ok to let both know that my intentions are to flip the contract?

Thanks for all the comments:Fantasm, I have little to no intention of building being my source of income for the next 5-10 years if ever again so that is not important to me.One thing I failed to mention is the loan is INTEREST ONLY.

Or whatever you intend to do...As long as you fully disclose your intents -- and as long as you don't sign anything that would prohibit you from acting on those intents -- I think it's safe to say that there is absolutely nothing illegal about what you're doing.

Insurance is a good idea, but it will not cover intentional acts or illegal activities.

There is a matter of intent, too.

Or can I use my existing one (which I don't intent to sell) to make the offer and once the offer is accepted, then add the new LLC (which I will form), and then quit claim deed it at closing to my new LLC, at which point I will sell to my buyer.Does that work?