Do you need a real estate lisence to wholesale?

[Nicholas Patrick]

In michigan or ohio?

[Dell Schlabach]

Depends on your definition of wholesaling. If wholesaling is buying a house cheap and selling it for a bit more but less then typical retail. Then yes it's legal to wholesale in Ohio. We do 20+ of these a year, we also assign our contracts on occasion. We do have the ability to close on all the houses we get under contract.

Where people can get into trouble in ohio is if they done have any money, they sign a contract to buy, then they market the property to find a buyer, then try and assign the contract to said buyer and make a profit.  

Here is more then you care to know about many opinions of the nuances. 

https://www.biggerpockets.com/forums/93/topics/957...