Hello All,
I cannot seem to get or find a clear answer on this. I want to Wholsale properties in my state of ohio but know that it can be illegal in some states? So, I am trying to find a Wholsaler here in Ohio who can tell me if they have done it successfully. Any help would be greatly appreciated.
Thanks,
Debbie
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Welcome Debbie, the posse will come and answer your ?. Hang in there LOL...
I've never heard anybody on this site say they weren't able to do it in there particular state, and you know dean has followers in all fifty states. Often times lawyers and realtors will tell you it's illegal to do because they think your selling real estate and you are not. you're doing an assignment of contract, or a wholesale. 3 people I can think of right off the top of my head are keith keb64 Gina steinway024 and Jason r e situation. watch for there answers here. they are active in your area of Akron-Cleveland Have you been able to join a Real Estate Club, also known as a REIA real estate investors association ?? Joining and attending a club will be a great asset. A place to mingle/associate with like minded people who enjoy real estate instead of telling you you can't do something. I hope this helps good luck.
WALT
i live in michigan about 45 minutes from toledo. Im pretty sure its perfectly legal it really boils down to whether or not your title company will allow it and if the and/or assigns clause is in the contract. If you have those 2 components you can assign contracts anywhere. Don't let the naysaying realtors talk you out of your path to financial freedom.
HOPE THIS HELPS...,
Yes, I have tried to join a REI club. I signed up on line and never received a response back for there next event. I also called their contact and left a message and again no response. I may have to look further away. I just read 30 days to real estate cash and I'm pretty pumped!
WarmRegards,
Debbie
I need to stop believing everything I hear! I plan to work this 30 days to real estate cash if it kills me!
Thanks again,
Debbie
I love the enthusiasm in your comments. Go get'em. I think MATT LARSON said he makes about $160k a month in wholesaling properties. $160,000 a month WOW !!!!!! + rental income + who knows he's into commercial and everything. We can do this Debbie.
WALT
there are plenty of investors throughout OH who are wholesaling (not necessarily DG students), I've seen the "I BUY HOUSES CASH" signs around... I invest in OH, but I buy and hold, not wholesale; also, I've had a few wholesalers contact me to offer me properties that they have under contract.
Don't believe everything re agents tell you; and remember that you are 'assigning your position on a contract', you are not selling a property when you wholesale.
Wishing you success,
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Debbie,
Its totally legal in Ohio. I currently reside in Akron Ohio and am the top wholesaler in my area and have been doing it for about 5yrs now. If you have any questions or wanna talk message me and I'll answer all your questions.
You Can Have and Be Anything you Want!!
Jason Bly (The RE_Situation)
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