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Creative Real Estate Financing

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Khadijah Celestine
  • Baltimore City, MD
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Can I wholesale to myself?

Khadijah Celestine
  • Baltimore City, MD
Posted Jul 26 2016, 08:54

If I have a company "ABC Investing Corp" that only my father and I are partners in, can I, Khadijah assign a contract to "ABC Investing Corp" for a wholesale fee?

Also, lets say Khadijah gets a contract to purchase 123 Main St for $50K. She then wholesales the deal to ABC Investing Corp for $65K. After reno, ABC Investing Corp wants to sell the property for $135K so, my father gets it under contract for 135K and wholesales it to retail buyer Khadijah for $150K which she uses a mortgage to purchase.

Am I being too creative with my thinking? What can go wrong here? Can I wholesale to my company and then let my company wholesale to me?

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