[HELP] Defining wholesaling to a lawyer

[David Burton]

I’m making this story as short as possible, so....

The lawyer had no idea what wholesaling was. So I explained it to him, then he didn’t understand why the contract would have contingency’s allowing the wholesaler to back out before the contract was up, mainly if he was not able to assign it to someone else within the time period. So, basically, I got no where with getting contracts made or figuring out more of the legal side of things because we kept going in circles about why the wholesaler wouldn’t buy the house if the assigning part didn’t work out. He also said that somewhere along the purchasing and assigning part, he feels that I’m being an agent or a broker, which is illegal because I don’t have a license.

Is there any informative blog, etc I can email to him or should I find another lawyer that already knows and understands the processes of wholesaling?

[John Thedford]

Signing contracts with no ability to close is called FRAUD. Did he mention that?