Wholesale deal with Seller financing

[Mike Sola]

I am new to wholesaling and I have a potential deal where the seller would be able to seller finance it. I talked with a closing attorney and he said he would not do the closing because setting up the seller financing at the assignment fee is too convoluted. Is there a way to structure this wholesale deal so that the end buyer gets the seller financing and I receive the assignment fee?

[Joe Villeneuve]

Yes.

1 - Find another lawyer
2 - Make the offer from you in the name of an LLC. The LLC will be the buyer, not you. You just own the LLC
3 - Sell the LLC for an amount equal to the assignment fee you wanted.
4 - The new owner of the LLC now closes.