All Forum Posts by: Tmkl Unise

I keep reading things that go back and forth about wholesaling being illegal and I'm just looking for a straight answer. is it illegal in some states? no states? some situations? no situations? please help. Also if it's really not illegal are you able to do long distance wholesaling?

thanks in advance

ps, please reference your answer

So I understand the concept of wholesaling and the process, but how do you identify a good deal? and the cost of any repairs... do I need to have the property appraised or inspected? Because I know very little about repair costs and judging all of hhis an

Hey Patrick, Thanks for the response! And no my name isn't tmkl it's Thomas. Tmkl is usually a screen name I use but I signed up using my phone the other day and by accident I put my name wrong. As far as this business goes all I'm looking to do is find buyers and sellers and make a cut. Would I still need to spear to an attorney for that? I mean I'm 23 and a little strapped for cash. The cash I do have I wanted to allocate to marketing and do what I do best and sell. What do you think, would it be better for me to explore other ventures?

I spoke to a company who buys notes and he told me to basically stay away from this industry for the time being as there is really no money being made for the work involved... He said that the only people making money in the note business are the scammers selling "training courses" and I'm just curious if anyone has a different opinion on this?