Wholesaling houses in Charleston
Hey everyone, I'm just starting out my real estate journey I'm 19 years old still in college and currently working a job. I've been wanting to get into real estate for the last couple years, but need some more money to start. I've been looking into wholesaling houses but was wondering how reliable that is and if it actually works and investors buy from that. Just want to make enough money so I can buy my first property. Also would love tips on how you guys started out and how to be successful. Thanks!
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The REC is going after people attempting this. I suspect that the law will eventually be overturned or modified as it seems overly broad to me, but at the moment, the law prevents marketing any real estate property that you do not have ownership in. They are treating marketing a contract to buy a property as marketing the property itself. Even then, good luck finding an attorney willing to close this kind of deal. The REC has made clear that they are going after attorneys as well if the participate in these days.
Basically, you need to close on a deal yourself before marketing it.