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kletonlast Wednesday at 7:52 PM2 repliesview on HN

They will continue trading the ones they have as LLC holding companies.


Replies

antonymooselast Wednesday at 8:29 PM

This guy wholesales ;)

I recently worked on an MVP for a Zillow-for-wholesale startup. As a curveball, our state passed a law restricting where and how these contract-to-buy sellers operate. So their workaround, after consulting lots of lawyers, was to provide a standardized LLC / Contract flow such that you’re no longer marketing a house for sale. You’re marketing a stake in an LLC, only that LLC has a sole purpose (a contract to option out a specific house).

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cmxchlast Wednesday at 8:44 PM

Then expand the definition and scope to make it more painful to circumvent. Describe the structure such that it’s hard to not be able an individual non-investing homeowner.

Of course that’s unpopular to those who want to freely commit to bad practices.