Washington State Wholesaling

[Corey Porter]

I have a basic understanding of wholesaling in general and I'm trying to learn more Washington state specific aspects pertaining to the local area of Clark County. Searching through the forums I've discovered things like, there are no double closing here, and the state has an excise tax and the majority of Clark County is taxed at 1.78%, and that a land trust is an option when it comes to the excise tax. Are there any big key pieces that I am missing and should be aware of when it comes to wholesaling in Washington?

[Ryland Taniguchi]

Here in Washington, we have laws related to approached Distressed Sellers and Equity Skimming. Basically, we can't get buy an owner-occupied house for way less than market value. The rules don't apply to no -owner occupied. As a result, it is risky to go after pre-foreclosures and short sales if they are not on the MLS.

Washington is an anti-investor state.