I’m looking to do my first wholesale and will probably create a new LLC that will be assigning the contract for asset protection. Is this one of the steps you folks are using…or is a Land Trust the way to go? Creating an LLC online here in WI is pretty darn easy. Pay the fee on-line and that’s it. Then sell the LLC to my end buyer along with the contract. Suggestions and thoughts please…
Is this an asset protection technique you’ve read or heard about? I frankly don’t see the point in “selling” the LLC (although I am no asset protection expert).
Given the limited information in your post, I would put the purchase contract in the LLC name, then just do a simple assignment of the contract. I would use a land trust only if i needed to control the deed. Just offer information that you may or may not consider legal, not legal advice :).