Wholesaling help in NJ

[Emirys B.]

Hi everyone, 

I am new to rei. Because of my current financial situation, Im looking to wholesale for now so that I can work on getting financially stable before I start on what I really want to get into which is rehabbing, buying and holding.  I have been researching about wholesaling but i still have a few questions that im hoping someone can answer. 

I know in some states wholesaling can be illegal but afyer researching, I found out that wholesaling is legal in my area. Im just wondering what about wholesaling can be seen as illegal and what can i do to avoid getting in trouble legally? 

Also, is there anything specific that i should look out for when creating/signing contracts? Any steps during the wholesaling process that is super important to do?

If there are any wholesalers in the NJ/Newark area, any advice that you have would be greatly appreciated!

[Regis M Burdier]

Emirys B. Never say you're selling a property as some would see it as you posing as a realtor. As a wholesaler all you're doing is selling a contract.