Brand new to Wholesaling

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  • Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    5mo
    Quote from @Christopher Payne:

    Im brand new to this honestly I dont know what im doing can someone help me?

    Apparently it's not smart to do in South Carolina, if rumors are true.
  • Member since 2026 · 3 posts · 0 votes
    5mo

    What makes you say that and how do you know?.im interested in the process 

    • Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
      5mo
      Quote from @Christopher Payne:

      What makes you say that and how do you know?.im interested in the process 

      I don't buy or sell in South Carolina, so I don't know the particulars, but there have been comments about it. Something about needing to be a realtor.



      SC Regulates Wholesaling in New RE License Law

      https://www.scstatehouse.gov/query.php?search=DOC&searchtext=4754&category=LEGISLATION&session=125&conid=37998232&result_pos=0&keyval=1254754&numrows=10

      Some excerpts on wholesaling:

      (44) "Wholesaling" means having a contractual interest in purchasing residential real estate from a property owner, then marketing the property for sale to a different buyer prior to taking legal ownership of the property.

      Advertising or marketing real estate owned by another individual or entity with the expectation of compensation falls under the definition of "broker" and requires licensure.




  • Member since 2026 · 3 posts · 0 votes
    5mo

    Yes to market a property you do.not own you have to be a realtor 

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