Wholesaling In MI
I'm new in the REI biz and am looking for my first home to wholesale. I recently spoke to an attorney here in Michigan, and he told me that he thought that wholesaling had to be illegal since I'm not a licensed realtor. I've heard from others that I don't have to be licensed to flip without taking ownership (just getting an assignment fee for bringing the seller and buyer together). Who's right? :-?
Carey
Find a new attorney. You can sell just about anything you want to, whether you take title or not.
Where in Michigan are you? There are bunch of us from the Rich Dad Poor Dad RE investing forums that get together once a month around Lansing (I think we meet in Howell this month)....you should check us out.
HELLO, I'M IN GRAND RAPIDS MI AND HAVE HEARD THE SAME THING. I WOULD LIKE TO KNOW WHERE THIS MEETING IS ALSO. I WANT TO GET PROPERTIES AND SELL THEM TO PEOPLE WHO HAVE CREDIT CHALLENGES AFTER A YEAR OR WHENEVER THEY CAN GET THIER CREDIT STRAIT. DOES ANYONE KNOW OF ANYONE WHO COULD HELP ME IN GETTING FINANCING FOR PEOPLE ?