Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

1
Posts
2
Votes
Cristian Lopez
2
Votes |
1
Posts

Wholesaling Real Estate in 20201

Cristian Lopez
Posted

What are your guys thoughts now that word on the street says that many states are requiring wholesalers to get their RE license. Also does anyone know if Utah is one of those states?

Most Popular Reply

User Stats

4,757
Posts
4,058
Votes
Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,058
Votes |
4,757
Posts
Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied
Originally posted by @Scott Swanson:

Jonathan,

A double close does NOT get you around the law. You get one close and they have locked up all the ways around it and a double close is considered a close!

Actually...

I am not sure if different people consider different definitions of a double close... BUT

what I understand of a double close..

I buy the property with "my own cash" and then sell the property immediately to an other buyer.

What's wrong with that?

Loading replies...