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Updated about 4 years ago on . Most recent reply

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44
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Devon Rollison
  • Wholesaler
  • Calgary, Alberta
1
Votes |
44
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Virtual Wholesaling: Please Help

Devon Rollison
  • Wholesaler
  • Calgary, Alberta
Posted

I have a quick question, Hopefully you guys can help me out I am in need. Where would I be able to go to get legal advice about wholesaling real estate virtually living in Calgary Alberta (Canada) and wholesaling deals in the US without ever personally being there. I would also mainly like to have them be able to slightly assist me once I get into doing the contract for the purchase and sales agreement and other dispositions steps I am going to need to encounter when wholesaling real estate virtually living in Calgary AB (Canada) and wholesaling deals in the US without ever personally being there. I figured a real estate attorney or a more specific avenue associated with real estate attorneys would be my best most affordable bet. However it seems that they are unable to give information on anywhere other than the province that they work and are certified in, anything abroad they are not qualified to give legal advice on. I have recently been told by a realtor (that didn't really know much if anything about virtual wholesaling) that “all you need is an international lawyer and an agent in the state you want to buy in”. I assume this would work, and definitely it would work if I actually worked extensively with the attorney, however I want to spend as little as possible if anything at all. I just want like 20 minutes of educated legal advice and everything I need to know about me doing this cross country not just state to state (the way I have learned and the contracts, strategies etc that I will use) Hopefully you can help me as soon as possible, I have multiple properties that I have gone through the acquisitions steps and need to make offers and get contracts before I lose them, but I need to do my due diligence first. Please help asap guys! (1 deal is a bidding war that is ending Tuesday 5:00pm and I would like to do an escalation clause before it ends, or worst case at least try to get a final bid if the number still works. The other main ones is I have 2 super good properties from the same agent at a price they will accept for sure and the same agent has 2 other properties that I could potentially get).

Most Popular Reply

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Don Konipol
Lender
Pro Member
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
8,812
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5,689
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Don Konipol
Lender
Pro Member
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

@Devon Rollison

You want to set up a real estate wholesaling operation from an offshore location, have no experience in the field, think that 20 minutes of legal advice should suffice, and don’t want to pay for that advice?

I wouldn’t worry about it. The chance of you ever completing a transaction are so remote it’s not worth preparing for.

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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