Chapter 13 Wholesaler

[Jeff Lee]

Question:

I'm in a Chapter 13 myself. Is it possible to still wholesale properties? I have an LLC so that's good. But, the property is never in my name; just the contract. And then I essentially have a cash buyer buy my contract for a higher price (makes my assignment fee).

So... wholesaling seems like it's still viable right?

Secondary question: I am NOT able to do a double closing with a Short Sale property am I? Because technically, the house would indeed be in my name or my LLC name and I would need a POF letter too... does this seem accurate? Or is this viable too?

[Bob Floss II]

@Jeff Lee During a bankruptcy, all assets are under the control of the court appointed Trustee. You would need court approval for the contract to purchase property, sell property, and any other agreements.