Wholesaling in Utah?

Question

Hi all!  I've been listening to the Bigger Pockets Podcast for a little over a year now and I'm absolutely in love with the idea of financial freedom and real estate as a whole.  Lately, I've been loving the idea of wholesaling and want to jump right in!  As a 20 year old (Soon to be 21) who's been watching a lot of stuff on this particular subject I'm thinking wholesaling is a good starting off point for me and what I want to do right now.

However I've encountered a small problem; is wholesaling legal in Utah?  This is my main (really only) concern as I cannot for the life of me find any solid and/or recent information dictating if Wholesaling is even legal here in Utah. If anyone could point me in the right direction I would greatly appreciate it.  It's the one reason why I haven't taken action as I want to be completely certain I can go ahead without winding up in legal issues of some sort. Thanks in advance, I can't wait to be a part of the Bigger Pockets community :)

Lydia R. · Answer

@Edgar Gandarilla Congrats on getting started at such a young age! I think the best place to get the answer to your question would be an experienced real estate attorney or your state’s real estate commission or board(the people who make the rules lol) However I suggest you get more specific with your question. Wholesaling is legal everywhere. Assignments of contract are what some cities and states have created regulations and restrictions on. So make sure when you are asking questions about whats allowed and what isnt you get specific. Good luck! And dont forget there is always virtual wholesaling too.