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Updated over 8 years ago,

User Stats

303
Posts
80
Votes
Dustin Verley
  • Wholesaler
  • Newark, DE
80
Votes |
303
Posts

Two Safe Practices

Dustin Verley
  • Wholesaler
  • Newark, DE
Posted

After reading "The Ultimate Guide to Wholesaling" - it was mentioned that wholesaling can sometimes be looked as illegal through the context of "brokering." There were two safe practice suggestions:

1. Get your license

2. Perform a double close (physically buy the property, then sell it)

I was curious if anyone knew much about the "physically buying" the property and do you necessarily need to purchase the property (as in, presenting a check or the funds to a title company and/or attorney) to be able to sell it?

Are there any other tips anyone could offer up to limit the "blurred line" of "brokering" and properly wholesaling. Really would like to wholesale, but want to make sure that I do so in a legit manner.

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