✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Wholesale real estate is where a person helps a home seller find a buyer quickly for their distressed properties. The wholesaler gets a small fee at the end for finding the buyer. It is one of the simplest ways to start real estate investing.
Is Real Estate Wholesaling Illegal?
Real estate wholesaling is legal in the US. But, you have to follow the rules set by the respective state. That’s why it is easier to do wholesaling as a licensed individual. But, it doesn’t mean you need a license necessarily. As long as you follow the rules and do business systematically, it should not be a problem.
Steps to Wholesale Real Estate in the US
- Thorough Research
- Identify Properties
- Reach Out to Sellers
- Enter into Contract
- Look for Buyers
- Finalize a Buyer
- Close the Deal
How to Wholesale Real Estate Near Me
Conclusion
Wholesale real estate is a great way to start a real estate investment. With a bare minimum investment, there is a lot to gain from wholesaling real estate.
» How to Wholesale Real Estate: Learn how to wholesale real estate with this guide.
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