Is it LEGAL to Wholesale properties in NYC??

Is it LEGAL to Wholesale properties in NYC??

Swan Lake, NY · Member since 2017 · 2 posts · 0 votes

Hi! Before I get into researching wholesaling I would like to know if wholesaling is legal in NYC?

Thanks Everyone!!

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  • Greg ScottPro Member
    Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
    9y

    In the United States, wholesaling is completely legal.   Wholesaling is effectively selling a property (or contract to buy a property), in which you do not intend to live, to an investor.   

    How you go about executing your transaction is the key.  You have to learn what you can and cannot do in your municipality.

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