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Updated over 7 years ago on . Most recent reply

User Stats

53
Posts
10
Votes
Jesus Ramirez
  • Bronx, NY
10
Votes |
53
Posts

Wholesaling in New York

Jesus Ramirez
  • Bronx, NY
Posted
Hi all, Is wholesaling legal in nyc? If so any wholesalers in the metropolitan area. I would like to begin wholesaling. I’ve watched several videos on YouTube and many articles online as well.

Most Popular Reply

User Stats

3,316
Posts
4,460
Votes
Mike Cumbie
  • REALTOR®
  • Brockport, NY
4,460
Votes |
3,316
Posts
Mike Cumbie
  • REALTOR®
  • Brockport, NY
ModeratorReplied

@Jesus Ramirez,

If by Wholesaling you mean, buying cheap and selling high, then yes it is perfectly legal in NY. If you mean to enter into a contract and not be able to close unless you can assign it, I would recommend you discuss your business plan with a lawyer who is prepared to defend you. 

  • Mike Cumbie

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