Wholesaling in Iowa?

[Nick Gorham]

I have just completed a course on wholesaling and was curious if this practice is legal under Iowa law if you are not a licensed agent? 

[Josh Miller]

Lots and lots of discussion on the ethics and legality of wholesaling.  I haven't looked at the recent post but I'm sure you can find thousands of articles around this discussion.  Without doing a bunch of research and finding the best articles written, I'll give you my thoughts.

It is legal but the more important question is if it's ethical or not.  I believe like anything else... it depends.  Is going to church ethical?  Well not if you're going to rob the place, same thing with wholesaling.  If your intent is simply to get a contract, hope that you find a buyer, and cash out, you are probably not doing anyone a solid by getting involved in the first place.  However, if your desire is to help out the seller AND you have the means to either find a buyer or close on the property yourself than absolutely you should go for it.