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Updated about 5 years ago on . Most recent reply

Jamar Smith's profile image
Jamar Smith's profile image
Jamar Smith
  • Flipper/Rehabber
  • Member since Feb 24, 2019
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Jamar Smith's profile image
Jamar Smith's profile image
Jamar Smith
  • Flipper/Rehabber
  • Member since Feb 24, 2019
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Jamar Smith
  • Flipper/Rehabber
0
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Wholesaling

Is Wholesaling illegal

Jamar Smith
  • Flipper/Rehabber
Posted

Hey everyone I’m Jamar and I’m new to BP. I’ve done a lot of research and I’ve seen nothing saying that wholesaling is illegal. Am I missing something?

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Johnoson Crutchfield's profile image
Johnoson Crutchfield's profile image
Johnoson Crutchfield
  • Rental Property Investor
  • from Tupelo, MS
  • Member since Jan 6, 2018
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Johnoson Crutchfield's profile image
Johnoson Crutchfield's profile image
Johnoson Crutchfield
  • Rental Property Investor
  • from Tupelo, MS
  • Member since Jan 6, 2018
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Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
61
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Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
Replied

@Jamar Smith

Depends. If you are signing contracts without planning to close on deals that’s unethical, not illegal. If you are not signing contracts and just connecting buyers and sellers without a real estate license and taking a fee that’s illegal. The rest Is legal most cases.

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