How to legally market a property as a wholesaler

[Allen Felker]

Its illegal to market a property you don't own. 

That's acting as a broker/agent 

Market the contract. 

It's scary when you're starting out in this business, one minute you're on cloud 9, you finally found something that could potentially get you out that horrible 9-5 job, then.....you come to BiggerPockets and you hear how you can't do this or that as a wholesaler, they make it seem almost impossible. 

Try this: 

In your contract put a clause that states: Seller relinquishes the rights to market the property to (insert your COMPANY name). 

Some people won't like it some won't care, if this clause works in your state (speak to an attorney first!) Then you just found a viable loophole. 

Happy Wholesaling!

[Allen Felker]

Ive been seeing some smart people make really dumb comments today... A rehabber ALSO doesn't close unless they think they can resell..a buy and hold investor doesn't buy unless they think they can rent it out at a price that makes economic sense..

I think the REAL problem people have is that a guy with a few hundred dollars can negotiate his way into controlling an asset 100,000 times his net worth and make a profit. Like i said before people are basically hinting towards the whole: if you're not rich yet or if you dont have excellent credit you can't be in real estate. That's BullSh*t. 

If my grandmother had a house she couldn't sell or afford to sell and was in a situation where she needed or really wanted a fast sale, I don't see the problem...