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Updated almost 9 years ago on . Most recent reply

User Stats

37
Posts
4
Votes
Mark Wainscott
  • South Bend, IN
4
Votes |
37
Posts

Indiana whole sale question/re license

Mark Wainscott
  • South Bend, IN
Posted
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

Account Closed
  • Rental Property Investor
  • Indiana
93
Votes |
125
Posts
Account Closed
  • Rental Property Investor
  • Indiana
Replied

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.

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