REI In Your Car 26: Wholesaling Is Illegal, Immoral and Fattening!
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A call came in on my podcast hotline from a Realtor/investor. He was asking for clarification about his business relationship (financially) with his broker. This call got me fired up. See, sometimes you\\u2019ll hear people (such as your broker) talking about laws associated with real estate brokering and real estate investing or that certain things are against the law\\u2026
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Well, to help make sense of some that stuff and for other reasons, I always advise investors to go ahead and get their real estate license. But let me say this\\u2026 if you do work with a broker, it doesn\\u2019t mean that your broker can take a cut of every deal you close. Or that they can tell you it\\u2019s the law to do so. That\\u2019s what this episode is all about.
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If I had stopped doing deals in my wholesaling business every time someone told me NO (whether it was a broker, attorney, title company, Realtor, or whoever), I\\u2019d never be where I am today.
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Know your rights \\u2013 and know what\\u2019s legal in your state. And don\\u2019t let people bluff you. I think you\\u2019ll find this episode pretty informative and helpful.
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