All Forum Posts by: Corey Gelineau

I am seeking a wholesale mentor. If interested, send me a message. Thank you!

That would be wonderful, Jonathan, thank you. 

Some states require a real estate license to wholesale (e.g., Illinois). Is this license state specific (i.e., does wholesaling in Illinois require an Illinois real estate license?), or is having a real estate license in any state fulfill this requirement? 

Thank you all for your comments and for helping me understand this issue better; I appreciate it!

The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property. Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period. This appears to be a misuse of said contingency. What are your thoughts on this? And if it is a misuse of the inspection contingency, aren't wholesalers who do this running the risk of being sued and even being forced to purchase the property themselves?