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Updated about 4 years ago on . Most recent reply

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Cristian Lopez
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Wholesaling Real Estate in 20201

Cristian Lopez
Posted

What are your guys thoughts now that word on the street says that many states are requiring wholesalers to get their RE license. Also does anyone know if Utah is one of those states?

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Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
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4,752
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Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied
Originally posted by @Scott Swanson:

Jonathan,

A double close does NOT get you around the law. You get one close and they have locked up all the ways around it and a double close is considered a close!

Actually...

I am not sure if different people consider different definitions of a double close... BUT

what I understand of a double close..

I buy the property with "my own cash" and then sell the property immediately to an other buyer.

What's wrong with that?

  • Jerryll Noorden
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