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Updated almost 6 years ago on . Most recent reply

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Hussein Adan
1
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10
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Wholesalers in Maine

Hussein Adan
Posted

Hi everyone I just started getting into the wholesaling business and wondering how the market is in Maine? Also is there anybody that I can connect and network with willing to learn the ropes? 

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Amy A.
  • Portland, ME
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Amy A.
  • Portland, ME
Replied

The difficulty with wholesaling in Maine is that the housing stock is so old that it's hard to get an accurate repair estimate. Also, neighborhoods vary so much that it's difficult to calculate an accurate ARV without a good real estate agent. Many of them send me "deals" that are completely unrealistic.

You can get around the requirement to have a license by assigning the purchase and sale agreement.  You aren't acting as an agent.  That doesn't mean that a disgruntled person won't accuse you of practicing real estate without a license, but the risk is up to you.

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