Wholesaling Properties - The Basics

Is It Legal? You've heard about real estate investing, and you're considering getting into the business, but you're still somewhat confused. What does it actually mean to Wholesale Properties and how can a person get started in this business? You've heard it might be illegal. You've heard that you can't deal in real estate without a license. What is the truth? First of all it is perfectly legal to "flip" - as it is called in the industry - properties. This means you put the property under contract and then you assign the contract to another investor - or you sell it to that investor outright. That investor may purchase with cash, or a line of credit. Still others look to hard money loans. Closings happen much more quickly in real estate investing than in the more traditional purchase of a home.