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Quincy Baker
  • Flipper/Rehabber
  • Buffalo, NY
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47
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About Using Trusts etc.

Quincy Baker
  • Flipper/Rehabber
  • Buffalo, NY
Posted May 5 2021, 15:14

I'm trying to determine the best and simplest way to disposition properties when wholesaling while maintaining anonymity and keeping my wholesale feel undisclosed when using an assignment. I am set up as an LLC. I understand the use of a trust is one way to achieve this. But isn't a closing statement still provided to buyer and seller?

Are buyers generally used to engaging trusts during purchases and generally comfortable and familiar with this?

Second, I understand another way to achieve my goals are via double closing in escrow (assuming a wholesale friendly title company is involved). This cuts into my profits a little but seems a simpler solution.

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