Updated almost 6 years ago on . Most recent reply
Wholesale Real state the right way?
Good afternoon all,
My first post was about being new to REI, and my decision to go the route of wholesale. Reason being is a lack of funds to use for a "buy and hold" or "fix and flip" strategy. So I chose this strategy not because it seemed easy, just accessible. After fully immersing myself in the world of Real Estate investing, I've spent the last 2 weeks researching, reading, watching podcasts. Most importantly I paid close attention to the legal and ethical issues involved. Opinions on both sides of the fence, And it occurs to me that there is a fine line between doing it the right way, and possibly ending up with a cease and decist order or worse. So what have I learned so far in my journey into this new discipline? For starters All of my deals will be through double closings. I am currently building a cash buyers list so as not to risk tying up a property only to not close in the end. I will be getting a Broker's license, just to ensure I stay on the "legal" side of the fence. If anyone reading this has any suggestions I am open to all