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Updated over 9 years ago on . Most recent reply

User Stats

69
Posts
15
Votes
Alex Holt
  • Wholesaler and Investor
  • Cincinnati, OH
15
Votes |
69
Posts

Once you get licensed in ohio and you want to wholesale then what

Alex Holt
  • Wholesaler and Investor
  • Cincinnati, OH
Posted

I know everyone in ohio understands wholesaling is not allowed here if your not licensed ok ok we get that part ..... So my question is for us who go get or license and we still want to wholesale because we don't want to be a traditional realtor selling people homes to make a standard commission ... How do we go about it ? If we go with a broker won't they get half or deal profits ? What about if you don't need to put it on the MLS you have buyers why would you need a brokers services ? Is it just to hold your license ? I'm just to the point where it sucks to be in ohio when I have buddies in other states making good money of wholesaling . So if someone could help me get to the next steps in my journey I would appreciate it..

Most Popular Reply

User Stats

1,374
Posts
913
Votes
Adrien C.
  • Property Manager
  • Griffith, IN
913
Votes |
1,374
Posts
Adrien C.
  • Property Manager
  • Griffith, IN
Replied

Nick- you seem to be the new wholesaling policeman on BP (i read your bio so understand where you are coming from). This gentlemen asked a very specific question and your expertise should allow you to give him a specific answer instead of such a vague one. There are plenty of situations where it makes sense (and is in the seller's best interest) to wholesale a property and not list it on the MLS. Surely there is a way in Ohio for this to be done legally -especially if this dude is licensed. I understand you don't like the idea of someone pretending to buy a property and close when they have no means. But if the wholesaler is upfront with their intentions and the seller is okay with that- how can he execute that transaction legally in your state?

  • Adrien C.
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