REI In Your Car 32: Wholesaling: Intent and Disclosure
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I know we\\u2019ve been over this subject before in past episodes, but it seems to come up again and again\\u2026 and that is making doubly-sure that you are careful about intent and disclosures.
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Bottom line, it is illegal to broker without a license. But is it okay to flip contracts without a license? Maybe\\u2026 You\\u2019ve got to be careful that you\\u2019re wholesaling the right way.
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In this episode, I\\u2019m covering the subject by giving you a number of directives and admonitions. Are your contingencies acceptable? Do you actually have the funds to prove your intent to buy? If not, I give a number of methods in which you can get the funding.
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This is not an area where you can afford to plead ignorance. Get an investor-friendly lawyer and follow their advice.
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