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Updated 4 months ago on . Most recent reply

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Jerry Velez
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Wholesaling a Family Member’s Home

Jerry Velez
Posted

Hi Community,

I have been thinking of some creative financing ideas and this one has been intrigued. Would it be legal to wholesale a family members home (est. 1M), and receive a fee for the wholesale services? 

Theoretically, I should be able to collect the funds from the deal, should my family member decide to go through with the deal. And they will get their payment from the buyer.  

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Stuart Udis
#2 Multi-Family and Apartment Investing Contributor
  • Attorney
  • Philadelphia
1,816
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Stuart Udis
#2 Multi-Family and Apartment Investing Contributor
  • Attorney
  • Philadelphia
Replied

 Do you believe you can achieve a better result for your family member trying to sign an assignment contract over retaining the best real estate broker in the market with a robust marketing package while leveraging the sales professional's relationships? Seems self serving.....

  • Stuart Udis
  • [email protected]
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