REI In Your Car 32: Wholesaling: Intent and Disclosure

Real Estate Investing Mastery Podcast Volume 1

English - June 16, 2016 10:00 - 9 minutes - 8.06 MB - ★★★★★ - 2 ratings
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I know we’ve been over this subject before in past episodes, but it seems to come up again and again… and that is making doubly-sure that you are careful about intent and disclosures.

Bottom line, it is illegal to broker without a license. But is it okay to flip contracts without a license? Maybe… You’ve got to be careful that you’re wholesaling the right way.

In this episode, I’m covering the subject by giving you a number of directives and admonitions. Are your contingencies acceptable? Do you actually have the funds to prove your intent to buy? If not, I give a number of methods in which you can get the funding.

This is not an area where you can afford to plead ignorance. Get an investor-friendly lawyer and follow their advice.