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Updated over 3 years ago on . Most recent reply

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied
Originally posted by @Will Barnard:
Originally posted by @Christopher Petrillo:

@Justin Mckinnie believe it or not BP is a great place to meet investors that may want to work with.  Just be upfront and market the contract not the property itself.

 This is the second time in this thread someone has stated to market the contract as opposed to the property. If I were you, I would consult an attorney and even speak with the real estate board in your area. First off, nobody buys a contract for a home, they need to see the home and the details first before making a decision to buy that contract - for the purchase of a home and this advice appears to me as a circumvention of the laws. Intent plays a huge role in case law so I don't believe this advice is valid, although I am not an attorney and I certainly do not know all the laws in all the states.

 It is absolutely circumventing brokerage laws. When they sign a contract and bring an end buyer they are brokering regardless of the spin they put on it. Their purchase agreements are defacto listing agreements.

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