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Updated almost 9 years ago on . Most recent reply
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Indiana whole sale question/re license
I used to hold my Re license but never renewed it after I put it on hold.
I noticed a post about wholesaling being illegal in Ohio. What are the laws or how is it looked at here in Indiana. Say if I contract to buy a house then turn around and have another buyer lined up. Like a double close?
Any insight will be appreciated.
Most Popular Reply
Whenever I put a contract on a house that I might want to assign to someone else, I just put my company name and/or assigns. It has never been a problem to then make an assignment contract with the end buyer. If I can't do that for some reason, such as HUD, then I just sell it to them after I have closed on it.