The Ugly Side of Wholesaling

[Wesley Brown]

"Experts warn that wholesalers and other investors are stripping longtime residents of tens of thousands of dollars in hard-earned wealth. Homeowners too often sell without knowing the real value of their home, and realize too late that they cannot afford a new place to live with cash from the deal."


https://www.ajc.com/news/buy-h...

[Will Barnard]

This is one of many reasons why many states have made new laws that you must hold a real estate license to negotiate contracts and then market those contracts and properties to buyers acting as a middle man. Though the license in of itself does not prevent this from happening to these poor folks, it surely provides better recourse against a licensed party who does not operate above board.