Is Wholesaling Real Estate Becoming Illegal?

Is Wholesaling Real Estate Becoming Illegal?

In todays video Rick Ginn talks about the growing question about is wholesaling becoming illegal? Rick Ginn also shares how to handle wholesaling real estate legally in the future for wholesaling real estate success in all 50 states!

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Flip with Rick is a Real Estate Education Company Founded by Rick Ginn and Run by him and his son Zach Ginn. Zach Ginn is 21 years old and runs all of Rick’s real estate investing operations in Port Saint Lucie, Florida. Together they run the largest real estate wholesaling and investing operation on the Treasure Coast.

Rick Started Real Estate Investing in 2004 has been full time ever since quitting his job in the same year. Since 2004 Rick has personally done over 1,000 real estate deals! Zach Ginn started in 2017 after quitting his bag boy job and started by himself before joining forces with Rick after he made over $100,000 in wholesale fees in High School.

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[JulienStJames]

What is your advice for wholesalers in highlands county?

[marianamayorga]

I just started to have the confidence to go out there and do it and now I’m worried about this

[inmate]

I do t think the problem was upsetting sellers. It was upsetting agents

[VengIsBFF]

My state (Nebraska) just passed a law saying its illegal for wholesalers to market a deal they don't have equitable interest in. (This law becomes active in July of this year) We spoke with the real estate commission and they said you have to be on the title to have considered equitable interest. This makes people think they need to be an agent for wholesale. But the fine print of agent law, states you cannot transact wholesale deals. Is the workaround for wholesalers marketing the contract? Do we market looking for a partner on a deal? NE seems to be doing everything they can to eliminate wholesaling, and it is a large part of our business.

[jovendino]

I’m in Texas and this is one of my bigger fears 🥴

[winz]

Better get cash ready to start actually closing on the deal

[jasonh]

How would I get a video testimonial if I am doing virtual wholesaling?

[winz]

Close the deal if you are scared of laws…. Close it then resell it

[jermon]

The sad part many of these folks. Are just too damn lazy to read their actual real estate state laws.