Wholesaling in Florida

[Mike Harper]

So I have read the statute in Florida on assignment of contracts and it seems to be somewhat risky. My question is if I do a double close does that absolve the risk?

[Tyler Gibson]

@Mike Harper Just make sure you have the means to close on any property you put under contract. Florida law is pretty clear that entering into a contract to purchase knowing you do not have the ability to close is considered fraud. The good wholesales have funds to be able to actually close on the property and turn it after if they are unable to get it sold prior to the closing date. Send me a PM I am in central Florida and may want to get on your list.