Woodland Hills, CA · Member since 2015 · 46 posts · 5 votes
11y
As long as you are not "promising" to find a buyer for a seller. Use proper contract, find an escrow/title or attorney who specializes in this field. Technically, wholesaling is like "brokering" so a lot of states (not sure on NY, as I stated check with an attorney or ask at some REI club to other NY wholesalers) require wholesaling to have a broker license.
Investor · west seneca, NY · Member since 2014 · 376 posts · 211 votes
11y
not sure in NY if you need a license to wholesale. if not right now, it will happen soon. one thing about NY, if they can find a way to tax it, they will. and making you get a license would allow them to tax it. right now, i think you can wholesale without the license, just use the proper contracts and do not promise to find a buyer. that makes you an agent. get the house under contract for yourself and make sure it has a clause allowing you to sell the contract to another. no promises, just a clause that allows you to do it. trust me, if the state of new york requires a wholesalers license to do that, they will let you know.