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Updated over 3 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
Jake Hill
  • Minneapolis, MN
5
Votes |
14
Posts

Do I need to be licensed to whole sale?

Jake Hill
  • Minneapolis, MN
Posted

Hello, new whole saler here. I am trying to understand exactly how to whole sale real estate legally without needed a license. For the time being I will be working out of Minnesota. I understand that if I can not market the property but I can market my rights to sell correct? For any one that whole sales in Minnesota, it would be great to connect and ask some questions. Thanks in advance, Jake

Most Popular Reply

User Stats

1,240
Posts
3,064
Votes
Terrell Garren
  • Rental Property Investor
  • Concord, NC
3,064
Votes |
1,240
Posts
Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

Unlike a lemonade stand, you need no capital or knowledge.  Supporting skills include the ability to pester 1,000 people while looking for the 1 desperate person who has no idea of market value, realtors or auctioneers. 

I can't swing a dead cat without hitting 3 wholesalers sending me unsolicited texts, calls, snail mails or worse yet, paying someone else to call me.  They found me by purchasing some list of property ownership and using bulk contact communications to maximize their time while interrupting mine.

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