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Updated almost 6 years ago, 02/20/2019

User Stats

119
Posts
37
Votes
Andrew Yu
  • Investor
  • Little Rock, AR
37
Votes |
119
Posts

Legal Issue around Wholesaling

Andrew Yu
  • Investor
  • Little Rock, AR
Posted

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...

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