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All Forum Posts by: Andrew Ferreira

Andrew Ferreira has started 1 posts and replied 2 times.

Post: Wholesaling legality question

Andrew FerreiraPosted
  • Posts 2
  • Votes 0
Quote from @Anibal Mijangos:

Without a license, marketing the sale a property as if you're a real estate salesperson is illegal. Marketing the contract is not. That's why it's safer in wholesaling to market the contract to buyers directly. It'd be safer for you to get the property under contract, and sell the contract to the buyer so they can close. 

A workaround could be that you help the homeowner put the property up for sale as an FSBO, then help them along the process. You'd get paid as a consultant in this situation, not as a realtor. You'd just need to be careful to disclose everything that you're not licensed and are simply consulting the homeowner.

Hopefully that makes sense.

What about listing the home as FSBO without consulting the owner. It seems like a lot of businesses nowadays follow similar suit albeit with different product. You order something from the business they don’t have it in stock, they purchase at a lower price from a vendor and sell it to you at a markup. Right?

Post: Wholesaling legality question

Andrew FerreiraPosted
  • Posts 2
  • Votes 0

How legal would it be to list a house you don't yet own on a website, wait for interested buyers to contact you, then to buy the house from the owner and sell it to them?