how to wholesale when contract won't assign?

[nsu1997]

If the LLC choice is used, is it possible then to sell that LLC prior to closing to decrease your chances of the end buyer bailing on you?

Sure, if the end buyer is willing to do that...

[bdub]

If the LLC choice is used, is it possible then to sell that LLC prior to closing to decrease your chances of the end buyer bailing on you?

Sure, if the end buyer is willing to do that...

Hmmmm...  it would seem you would want to sell the LLC as quickly as possible and let the buyer close on their property.  Of course the buyer is going to want to do nothing as long as possible in case they do want to back out, don't get financing, or something else in the sale falls through...  i can't see it...  in a normal transaction, you get your assignment fee at close, right?  if there's a way to accelerate that, i suspect everyone will try it... but if i were an end buyer, i wouldn't pay an assignment fee before i purchased the property.

[nsu1997]

If the LLC choice is used, is it possible then to sell that LLC prior to closing to decrease your chances of the end buyer bailing on you?

Sure, if the end buyer is willing to do that...

Hmmmm...  it would seem you would want to sell the LLC as quickly as possible and let the buyer close on their property.  Of course the buyer is going to want to do nothing as long as possible in case they do want to back out, don't get financing, or something else in the sale falls through...  i can't see it...  in a normal transaction, you get your assignment fee at close, right?  if there's a way to accelerate that, i suspect everyone will try it... but if i were an end buyer, i wouldn't pay an assignment fee before i purchased the property.

Right. As long as you get a non-refundable deposit from the end buyer you're covered if they back out.