REIunite.com - Chris Goodson talks about the legality of wholesaling in New Jersey

REIunite - Bringing Together Real Estate Pofessionals of New Jersey

Chris Goodson is a real estate attorney in New Jersey. In this podcast Chris talks about the "do's and don'ts" of wholesaling.

Show Notes:-Contract Red flags -Initial intentions-Starting with wholesaling (the safe way)-Parties on the contract-Practicing real estate without a license-Clauses NOT to use-Equity skimming-Options and Flex Options-Assignable contracts-Flex Option Alternatives-Marketing of the Property under contract-Earnest money deposit & sweat equity into the deal-Disclosure for Licensed agents under contract-Using wholesaling as a vehicle to building your empire (long term wealth)Highlight Tips: "[Buyers Name] and or LLC to be formed" should be added to contract"Contract Vendee" should be specified on your marketing materialResources:Chris Goodsonwww.njreclub.com (meets the 3rd Weds of every month)www.goodsonlawoffices.netReferences made to Jeff Watson's video regarding Wholesaling Legalites can be found here: http://watsoninvested.com/wholesaling/For more video podcasts visit http://www.reiunite.comAlso, join the continued discussion for beginner to advanced real estate investing throughout New Jersey on our forums: http://www.reiunite.com/community