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Maurice Hawkes
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Can utilize an LLC when a property is restricted from being sold?

Maurice Hawkes
Posted Dec 7 2019, 15:39

I am new to investing and BiggerPockets, in the DC area. I went to a meetup and learned, when wholesaling a pre-foreclosure, there are restrictions on reselling the property within 90 days. To get around this I was informed that I could create an LLC, and resell the LLC in place of the property. I'm wondering what the tax and administrative cost implications are to this and if this is possible?

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