Has anyone wholesaled a HUD home before. HUD is asking me to give an EIN just to present an offer. I would like to create an llc just for the property and sell llc to my end buyer. The problem is if I create an llc to get an ein number I wasted 200 bucks if they dont accept my offer. Problem 2 if I put offer using my personal llc that I do not wish to sell how do I close. I have never done it that way, so im curious to see your opinions.
Also, they do not give an inspection period if your offer is accepted you lose your earnest money deposit if you you do not close PERIOD. No way to back out. HUD agent said never has seen them give back deposit only once when oil tank was found leaking.
Thanks for you input looking forward to here your opinions.