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Updated almost 13 years ago on . Most recent reply

User Stats

22
Posts
7
Votes
Aria Khosravi
  • Residential Real Estate Broker
  • Denver, CO
7
Votes |
22
Posts

Wholesalings reo property through llc

Aria Khosravi
  • Residential Real Estate Broker
  • Denver, CO
Posted

Can someone help walk me through the details of flipping a bank owned wholesale through an llc? I know you get under contract with an llc where you hold ownership, then transfer ownership through articles of organization. My question is where do you go from there? Do I need to file the new articles of organization with anyone? Do I give the document to title? How does title know to put the wholesale fee on the HUD? Should I hire a lawyer? Im alsocassuming I have no further liability once I transfer ownership of the llc, is that correct? So many little questions, could anyone that has experience with this help fill in the blanks?

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