Wholesaling Law

[Andrew Mazzenga]

I have been building a business plan to start a real estate investment company for the past few months, i have been doing my due diligence in just about every aspect of the real estate industry as well. I believe that i will need to start by wholesaling properties in the Philadelphia region in order to build some capital to begin my venture and begin to search for capital investors a little bit down the road which will ideally lead to flipping properties and then to buying and renting properties out.

I have been having a hard time finding out about the laws around these wholesaling deals. Do i need to be bonded and/or insured to do these, and also i feel like i would need a real estate license since i am all but brokering a deal between two parties. Also do i need to start an LLC or and S-corp for thease type of deals? or am i able to just go to the closing table as an individual? This may be a stupid question but its worth the time to ask.

If there is a website that i could refer to i would be a happy camper. I have been a mortgage loan officer for about 4 years so i know that there are strict laws around real estate at the moment. the very last thing that i want to do is get tied up in a legal matter that i cant get out of.

Thanks so much for your time and input in advance!!