It's certainly not required if the receive is an incorporated business entity. 

I also use multiple entities for ownership, but that wasn't the topic...Extra thought- Never have your F&C home be a condo.

you or the person/entity that receives the assignment?

Satisfied with the property, market, submarket and management, we returned to continue the due diligence and acquisition process, including securing the loan, finishing the Private Placement Memorandum (PPM), securing insurance quotes, and forming the entity that would hold the property.

You can register in any state, but you also need to register in the state you do business as a "foreign" entity.

@Alex Vidal If you're looking for conventional/conforming 30yr fixed rate financing on the back side, all lenders I've ever seen want a "natural person" or "individual" as a borrower - not an entity, like an LLC.

I on the other hand do not have the rehabbing experience but have the cash and credit to fund the deal.We both decided to flip a couple of house first to see how it goes before we establish a business entity together.

Profile the seller and figure out how you can reach more entities/individuals of his/her profile.

One of the clauses states, "At any time before, during, or after any tenancy, I further authorize all banks, financial institutions, employers, educational institutions, creditors, credit card companies, landlords, references, and any and all other persons or entities to provide to Carlos Flores, his agent, or any firm acting on his behalf any and all information concerning my credit, employment history, income history, rental history, account history (including verification of funds on deposit), character, general reputation, personal characteristics, and mode of living."

There are many different ways to wholesale and the process I outlined above is one of many, however, it is also one that is not very easy to do anymore as many title companies do not allow it.To wholesale, you can lock up a contract, fund it with borrwed funds and close on it, then immediately, in a second escrow, sell for a higher price to another buyer, keeping the spread between what you paid, plus loan costs and what you sell for.You can also "assign" a contract (so long as the purchase contract does not disallow it) to another buyer for a fee.Or you can lock up a deal in an entity and sell the entity.