Real Estate Wholesaling Questions & Answers

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Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
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Is it advisable to wholesale land using assignments?

Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
Posted Dec 5 2019, 14:35

Hey everyone, I am a wholesaler from NC, it is completely legal in my state, my partner and I have closed deals using assignments. My question is would it be advisable to get an 18 acre parcel of land under contract and then assign it over to a developer? Our contracts state 30 days or less, and I understand that many people who develop land have a lot of issues on thier end to deal with before ever purchasing land, for this reason the land sits and is harder to move than a typical piece of real estate. Would you advise outright purchasing the land and then reselling it at a later date? We only ever do assignments, but I know that it takes quite a while to sell land (less interested parties, lots of legal, strategic, zoning issues on the devs end). What have your experiences been with wholesaling land? 

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