hi @Alvin TaverasMortgage Broker here, i've been referring clients out to Credit Unions for their HELOCs. we have a handful of lenders that can do them, but i'm finding the juice is not worth the squeeze in the broker/ wholesale world.

But as written, it will change how wholesalers will need to do business.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

If Oklahoma has a law called "Predatory Real Estate Wholesaler Prohibition Act", don't you think that might just be a state to avoid for a new wholesaler who doesn't know much of what they are doing yet?

But I genuinely believe that if you’re just getting started, house hacking is the better option.

I was approached by a wholesale partner and flipper partners (whom I’ve done private lending for) of mine about me purchasing 1.5 acres to develop 12-16 single family homes on.I would be responsible for purchasing land and getting it prepped to build. 

I think you’r paying the price for shady wholesalers. 

I don't mean to cause offense - this is me just asking a genuine question.

There is a lot more to learn.Why do you want to wholesale in the first place? 

Investment Info:Single-family residence wholesale investment.

He genuinely seemed apologetic and wanted to fix this issue going forward.