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Updated over 6 years ago on . Most recent reply

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9
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Lonryco Robinson
  • Milwaukee , Wisconsin
4
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Wholesaling in Wisconsin

Lonryco Robinson
  • Milwaukee , Wisconsin
Posted

Is anyone familiar with the legal verbiage needed to wholesale a foreclosed property? I was told that banks won’t accept “and it assigns”, on the contract. 

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Scott Schultz
  • Rental Property Investor
  • West Bend, WI
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931
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Scott Schultz
  • Rental Property Investor
  • West Bend, WI
Replied

Be very careful wholesaling in WI, based on the verbiage in the law it is suspect brokering if you do not intend to close in your name or a business name.  getting a Real Estate License is not that difficult, and the education you will get will be beneficial,  if you are a hustler you can make a ton of money just selling houses, and if you want to wholesale you can give a seller the option to list if wholesaling wont fit. 

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