I have my license but the sale is in another state.I already have the necessary disclosures to complete the deal, I'm just worried about legal issues if I negotiate to get the sale approved and being the buyer.

Disclosure & accurate valuations are key.

Marx-As a disclosure, I am not an apartment owner currently.

If the trustee or if the attorney you spoke to is legal counsel for the trustee or trust, then you should also threaten to write a letter to the state bar informing them of the advice you received and the lack of disclosure made of the back taxes.

Wholesaling, when done properly, does not require the following:1) A Real Estate Agent License2) Broker Permission of a Licensed Real Estate AgentWholesaling, when done properly, does require the following:1) An Equitable Interest be formed by you to then assign off (an open contingency contract is not an Equitable Interest)2) If you are a licensed agent in the same state of the transaction, full disclosure of such license status along with language stating you are acting as the principal in the transactionRead legal case studies regarding Wholesaling in your state to get more familiar with what the courts in your area consider Equitable Interest and Wholesaling to be.

Miller, Esq. 3443 Medina Road, ste 101-E Medina, OH 44256 (330) 952-1780 Phone Disclosure: I have no business affiliation with Mr.

Hi Elizaveta Voloboeva, yes Realtors can wholesale, but disclosure, disclosure needs to happen.Wholesaler caterer's to REI's mostly, finding deals from motivated sellers and prices well below market.

In California there is a full disclosure law, any huge issue known to the seller that devalues a property in anyway is declared in the purchase agreement.  

You send the contract and any other info you have (Like a seller's disclosure, report on the property condition, etc) to the lender.3.

You probably want an attorney to write a contract and possibly additional disclosures for this situation.I am not sure what you mean by "additional insured", but in the state of Ohio it is illegal to have 2 insurance policies on the same property.Search in the forums here, some banks are starting to call loans due if the deed is transferred.