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Wholesaling
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Updated over 3 years ago on . Most recent reply

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Ander Lantigua
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Do I need a lawyer to look at my contract to wholesale ?

Ander Lantigua
Posted

Hey, do you know if I need to have a lawyer look at my contract before wholesaling ???

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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

Wholesaling is has different legal requirements in every state. It may not be a matter of "is it illegal" but rather how you do it legally. You really need to talk to an attorney in your state. You can be sued for any number of things and you can even be criminally charged if you are breaking the law. Contracts that claim illegal clauses will beg the question, "which attorney drafted this contract". If the answer is "I found it on the internet" or "I wrote the contract myself", it will end badly for you. Be aware that ignorance of the law is not defense for breaking it. If you choose to enter this or any business, it is your responsibility to follow the laws and conduct your business legally.

  • Joe Splitrock
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