Beginner Question: Wholesaling Out State as an Ohio Resident

[Mark Allman Jr.]

Hi all, my name is Mark and I'm an aspiring real estate investor. I had hoped to begin wholesaling properties to save for my first rental property, however, the assignment of contracts is heavily regulated in my state (Ohio).

My question is:

If I wholesale virtually (out-of-state), am I still bound by Ohio law regarding real estate and wholesaling or am I solely bound by the laws of the state in which the property is located?

Thank you!

[Marc Rice]

@Mark Allman Jr.

Wholesale where you know the market best. If you’re in Cleveland start there and then outsource and grow into other markets. Or just get your real estate license and start brokering deals and paying yourself commissions to find deals. Wholesaling laws are pretty standard here vs other states. Don’t do CA or IL.