Updated over 7 years ago on . Most recent reply
Legal Issue around Wholesaling
I'm trying to be safe when I wholesale property. Right now when I market my lead, I always say "contract for sale", not "property for sale". I assign the contract when the buyer wants to move forward, generally within 30 or 45 days time window.
But I also heard some people do Option to buy, then assign the option. Is that a safer way to wholesale? I guess it comes down to the Equitable Interest on the property.
How about assigning Lease Option? Is that even safer way to wholesale? I know that's fundamentally different from just assigning the right to purchase a property...