Creative Real Estate Financing

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Jaz Ram
  • New to Real Estate
  • New York, NY
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Where are the RE attorneys that know about wholesaling!

Jaz Ram
  • New to Real Estate
  • New York, NY
Posted Dec 8 2019, 10:10

Im concerned about the laws on wholesaling in new york city (not only manhattan) and I want to get in touch with some attorneys that are familiar with this so I can have some on my team and do things the right way!

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Eli Lederman
  • New York, NY
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Eli Lederman
  • New York, NY
Replied Dec 8 2019, 12:10

I have never heard of laws in NYC for wholesaling

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Darren Sager
  • Investor
  • Tampa, FL
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Darren Sager
  • Investor
  • Tampa, FL
ModeratorReplied Dec 8 2019, 13:11

There are no laws that I'm aware of specifically related to wholesaling properties.  To be honest, that term of being a wholesaler is really a person who flips real estate contracts.  Very few actually close on properties and then offer them to people at a discounted rate.  Most "wholesalers" are just out there trying to make as much as they can per deal without putting any $$ into it if possible.  It's all about them in my opinion.

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Account Closed
  • Rental Property Investor
  • Oakland, CA
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Account Closed
  • Rental Property Investor
  • Oakland, CA
Replied Dec 8 2019, 13:58

@Jaz Ram I do not know why any legitimate attorney would help someone broker real estate without a license

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Jaz Ram
  • New to Real Estate
  • New York, NY
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Jaz Ram
  • New to Real Estate
  • New York, NY
Replied Dec 8 2019, 14:32

@Darren Sager thank you!!

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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Replied Dec 8 2019, 20:28

@Jaz Ram

Follow the link below. From YouTube.

Done extensively by a NY attorney...

Can't vouch for him, but informative.

https://www.youtube.com/watch?v=k2v_kqK_Bd8&fbclid=IwAR1JRpwHVoxV-vlFbyWuPsXdSG5Do6aa_rP4kA5h34FNhicQFLwyYWjihbw

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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Replied Dec 8 2019, 20:34

@Jaz Ram

http://www.clarkslaws.com/wholesaling

Or, check out their website.

There are ways to wholesale legally in NY, but its not like other places.

Im neither a wholesaler nor a realtor, but I found the information interesting.

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Jaz Ram
  • New to Real Estate
  • New York, NY
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Jaz Ram
  • New to Real Estate
  • New York, NY
Replied Dec 8 2019, 21:18

@Bill O'Donnell omg thanks for sharing!!

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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Replied Dec 8 2019, 21:47

@Jaz Ram

No problem.

Wholesaling in NY is tough.

Best of luck.

There are plenty of other ways to get into real estate. Don't give up...