Is Wholesaling illegal?

[Michael C Gregory]

I am soooo frustrated. I started my own LLC and I have buyers, but I have NO properties and NO funding. I was looking to wholesale to create funds, but I keep running into people who tell me that it is illegal. I refuse to give up. I retired so that I could do this. Any suggestions?

[Jason R.]

Welcome to BP @Michael C Gregory.

If you are wholesaling and have buyers, the only funds you should need are minimal amounts for earnest money. Finding the properties is what you should now focus almost all of your efforts on. In order to be successful at that, I absolutely recommend taking @Account Closed's advice. Since you're retired, you should be able to learn at a much quicker pace than most people and be on your way to making deals.

Great to hear you're not getting discouraged by the naysayers! Now's the time to rotate between educating and implementing what you learn.