Wholesaling Or Flipping Under An LLC?
Hello BP,
I'm just wondering if wholesaling and fix/flipping is possible under an LLC. For example, can contracts be assigned to and assigned by an LLC or one of it's managing members? If we decide to start flipping homes, can the LLC obtain Hard Money Loans and buy/sell property just as any other person would? Or would the LLC be able to hold the deed to the property, but one of the managing members such as myself able to take out the HML? What process/procedures change when operating under the LLC?
Best Regards,
Jason Eyerly