Wholesaling With Tenant Occupied Home

[Cameron Strong]

Is it a good idea to start my wholesale career off with a property that's currently occupied with tenants? Also how do I inspect the property to make a reasonable offer without interrupting the current renters? I have spoken with the home owner who is motived to sell quickly but I can not make an honest offer until I get help with this situation... Please help... Any info is greatly accepted 

[Jonathan Greene]

@John Thedford, you need to calm down and stop spewing your garbage in every forum. I am a former attorney, a licensed real estate agent in NJ. You quoted FL law. I am not in FL. I run an on-market real estate agent business and an off-market property acquisition business that discloses on all postcards that I have a real estate license. Wholesaling does not have to be done as a licensed agent. Sellers are permitted to sell their real estate however they please. Private sales are commonplace. You are targeting a percentage of wholesalers that do use bad tactics and illegal means to defraud homeowners, but there are many of us who know much more than you and practice our business in open and forthright ways to all parties involved.

You absolutely can send out emails about off-market properties. Do you think there is prohibition in the United States against privately marketing real estate? Sellers do not need a license to sell or post their home on Facebook. What about a friend of a seller who tries to help them by posting their FSBO listing? Whatever problems you have with wholesaling, you don't need to dump it into every forum like a psychopath who has been scorned by one deal too many. There are plenty of ethical wholesalers who aren't violating any laws by becoming a middle person for a sale.

What you are spazzing out about is private citizens acting as if they are real estate agents. As long as you clearly identify your role in the transaction, disclose the wholesale price and original price, and be very clear about how the transaction works off-market, you are not violating your requirements under state law for real estate. In some states, the regulations are different, but nothing can prevent ethical wholesaling.

You aren't paying attention in all of these forum blasts to who is talking, what their background is, and how they are responding. So do everyone a favor and stop. Enjoy your business however you want, but stop reverse trolling because you have an issue with wholesaling.