Wholesaling near Dallas
Hello BP,
I am just getting started with wholesaling. Looking to connect with wholesalers in the area!
Most Popular Reply
Having been a party to over 300 wholesale transactions, I can tell you with certainty that it is not illegal. Secondly, I am a realtor and also, I am a lender who sees wholesalers on the Hud all day. The above comment is correct, there are some states that have added an extra step (not assigning, extra disclosures etc) but in Texas you are fine. TREC has recently started to ask realtors their opinion on wholesaling but so far nothing has changed. You can use an assignment, or you can double-close using transactional funding.
If you need help understanding how to double close as a new wholesaler, feel free to message me. We help wholesalers in DFW, Houston and SA all the time. Or - if you just need a little advice, here to help.
Wholesaling is a fantastic way to cut your teeth in REI and see what others are doing with their investments, don't let anyone discourage you, just learn how to do it where you are correctly structured.