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Updated almost 5 years ago on . Most recent reply
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Does anyone wholesale in Massachusetts?
I am newly licensed and interested in learning more/working with a broker that wholesales. Thanks!
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Good thing I logged into BP this week! Hahaha. Trying to be more active on here.
Thanks @Shaun Reilly for the shoutout, and happy to clarify my POV on Wholesaling as a Licensee. @Becky C., @Victoria Avery, @Justin Silverio , @Douglas Snook, @Chuck Langonzi I actually posted a blog on the topic a couple months back, discussing how INTENT is extremely important, you can check it out here:
Licensee Investors, Listen Up - How NOT To Handle a Deal
Essentially - YES - it's intent driven.
And to clarify -
1. I'm a principal BUYER for rehab & development projects,
2. I'm occasionally a WHOLESALER of deals when I'm at my limit of active projects or something doesn't meet my criteria,
3. I run a real estate office with licensed "AAwesome" AGENTS who occasionally find projects that work best for both seller & them as regular LISTINGS (and not wholesales), either through MLS or NON-MLS (depends on situation and client/seller's needs).
So one could say I'm all 3, depending on the seller, the project, the timing, or if we break it down to the raw "how do I handle this deal," the default answer I go to, while thinking of all the options is, "What's my BEST win-win scenario here, where everyone leaves this transaction thinking I'm a rockstar - whether I buy the deal or not?"
Hope this helps some of you clarify a bit - as Shaun & Douglas and others mention, a slippery slope - but so long as you DISCLOSE your intent, you're *usually* safe. Over disclose, in my opinion.