Wholesaling - LEGALLY

[Nicole Draper]

I see a lot of responses on how most wholesalers are doing deals illegally and why it’s a bad idea.

I want to know from people who are actually wholesalers with good intentions.. what actions are you taking to stay on the right side of the law and why.

[Jay Hinrichs]

Originally posted by @Caleb Heimsoth:

@Nicole Draper did a lawyer tell you it’s legal? Who told you it’s legal? 

reality is that very few agents would allow their listings to get tied up by contract assignors that would mean they totally blew it on what the property was worth.. the only thing your doing is the exact job of what a REaltor does.  And listing agents will normally sniff out wholesalers pretty quickly.    we wholesale by closing on the property then re selling it.. simple as that.