Jaelin White's course

[Brandon Toledo]

Can Jaelin White's virtual wholesaling course still help you profit in real estate? I ask because I plan on buying it and because real estate is a frequently changing game — what was effective one year ago could already be obsolete

[Patti Robertson]

I wouldn't say anything I have ever learned in real estate has become obsolete. People are literally still learning from Carl Sheets material. Market's shift from buyer to sellers markets, but the strategies pretty much remain the same. From my vantage point of being an active investor since 2007 (wholesaler, flipper, landlord), the strategies employed by virtual wholesalers are often times illegal. It is only legal to market a property that you 1) own 2) have equitable interest in by having a ratified purchase contract or 3) have been hired as a licensed agent to sell on behalf of the owner. Passing your contract to another investor who markets it to their buyers list, which is essentially what virtual wholesalers most often do, is illegal in every state. There is no such thing as being allowed to market someone else's contract by way of a "joint venture" agreement as most wholesalers claim, because the actual owner of the house is not party to the joint venture agreement. Just because people are doing it does not make it legal. Don't buy this 22 year old kid's course. In a two second glance at his material I just read two illegal things he tells people to do. Join your local REIA instead and find out what people are doing in your actual market that is legal.