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Articles For Aspiring & Active Real Estate Investors

Is Wholesaling Real Estate Legal In Pennsylvania?

Real estate wholesaling is an investment technique in which a real estate investor enters into a legally enforceable contract to buy a home but then sells their right to purchase the property, in accordance with the terms denoted within the contract and the legal concept known as the Doctrine of Equitable Conversion, which is defined as:

Pennsylvania Equitable Conversation Wholesaling

Source: Law Shelf

The law determines that the ‘equitable title’ has changed owners when the contract has been signed, with the legal title remaining until the deed is transferred. This is because the time that exists between two critical events: 

  • The execution of a contract for the sale of real property
  • The delivery of the deed and marketable title to the buyer

It is a time when the property’s ownership has hit a bit of a gray-legal area, during which the property exists in a state of limbo between– the seller and the buyer. This is because – during this specific time, the seller has possession (and use) of the...

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Is Wholesaling Real Estate Legal In Kansas?

Wholesaling real estate is a smart way to get your feet wet in the world of Kansas real estate investing. However, like any new business venture, an entrepreneur or investor must be aware of the investment technique’s benefits, as well as those issues to avoid!

The real estate wholesaling business is simply a technique in which – the real estate wholesaler executes a contract of sale with a seller but then seeks to assign the rights and obligations delineated within this real estate contract to another buyer – an end or cash buyer by executing an assignment of contract. Wholesalers typically find prudent wholesale properties from motivated sellers – those with a strong personal/financial need to sell the property pronto below market value!

Kansas Wholesaling Real Estate

The art of real estate wholesaling is often characterized as the actions of a middleman, but one of the best ways for individuals to break into real estate investing in Kansas because it does not require...

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Is Wholesaling Real Estate Legal In Ohio?

Real estate wholesalers employ an investment strategy in which they enter a purchase contract as a buyer but then seek to find another buyer – an end buyer to which they can then assign their rights (known as equitable interest) provided under the original contract with the use of an assignment of contract. Because successful real estate investors who use this strategy may have several properties working simultaneously, they are referred to as 'wholesalers.'

Real estate wholesaling differs from the more well-known real estate investment strategy of house-flipping. The difference lies in the fact that many real estate wholesalers can turn a profit without ever taking title to the property, which effectively reduces potential risks (and significant liabilities) created by the tasks required to fix up a property – even if the renovations are somewhat insignificant.

Often real estate wholesaling professionals will enter a contract that is assignable (as defined by the...

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Is Wholesaling Real Estate Legal In Indiana?

Before considering wholesaling as a form of real estate investing in Indiana, you need to know if it is legal so you don't get on the wrong side of the law.

In this article, we'll answer the question: Is Wholesaling Real Estate Legal in Indiana?

 

What Do You Need to Know About Wholesaling In Indiana?

As the 17th most populous state in the U.S, Indiana presents many opportunities for wholesale real estate investments. In 2019, approximately 36,722 new residents moved to the state, bringing its total population to 6.73 million. Projections also show that by 2050, the state will have recorded a 10% increase in population,...

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Is Wholesaling Real Estate Legal In Oklahoma?

Strategically located as a jumping-off point for commerce headed throughout the United States, Oklahoma has enjoyed healthy economic growth in recent years. 

Due to this growth, the Sooner State offers a wide range of opportunities for people looking to enter the real estate field.  Warm weather, wide-open spaces, and affordable prices are a dynamic combination that spells success for agents, brokers, and wholesalers willing to work hard.

If operating a wholesaling business in Oklahoma sounds like an appealing career option for you, here’s what you should know as you weigh your options. 

 

What...

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Is Wholesaling Real Estate Legal In New York?

Wholesaling is simply a real estate investing technique that allows an investor to turn a profit by entering into a 'contract of sale' to buy real estate. This process requires an earnest money down-payment held in escrow. Once in contract, the buyer can then sell their right to purchase (known as equitable conversion) to an end buyer for a profit.

Often, the primary objective of a wholesaler is to enter in a purchase contract for real property, with a purchase price that is below market value – which may include a home in foreclosure or disarray.

When wholesaling real estate, the asset being sold is the buyer's contractual rights rather than the property itself.

While real estate as a wholesaling business is legal and offers a smart real estate investing technique to earn significant profits, the wholesale deal must be executed carefully with due diligence that weighs legalities appropriately and the anticipated outcomes.

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Is Wholesaling Real Estate Legal In Missouri?

Missouri has a robust economy that centers around industry. The state is a leading producer of aerospace and transportation equipment, and it also exports chemicals, food products, machinery, fabricated metal, and electrical equipment. Thanks to a diverse economy, Missouri also has many opportunities for those interested in real estate investing.

With more than 6.1 million residents — 492,000 of them in Kansas City — Missouri is the 18th most populous state in the United States. There are plenty of opportunities to make money by investing in real estate in the Show-Me state, which has 2.8 million housing units, according to the U.S. Census.

Many people become brokers or real estate salespeople in Missouri. However, there are other ways to make money on the MO real estate market, such as becoming an inspector, mortgage broker, real estate attorney, or finding unique ways to invest.

Some people choose...

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Is Wholesaling Real Estate Legal in Arizona?

With a warm climate and a friendly, pro-business stance, Arizona has enjoyed steady growth in recent years. Phoenix has become a sprawling contemporary center for commerce, recognized for a highly educated workforce and a low tax base, and as a great place to raise a family.

Other areas of the state, while much smaller, also provide ample opportunities to make money in real estate. 

Several people choose a traditional career path in real estate in Arizona.  However, many others are excited about the freedom and flexibility that a career as a real estate wholesaler can offer. 

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Is Wholesaling Real Estate Legal In Wisconsin?

Real estate wholesaling is often an individual's first entry into real estate investing. This strategy offers a viable option to sell a property without having to purchase the property first. Real estate wholesalers in Wisconsin search for properties priced below market value (which may be available for a host of reasons), and they choose to flip the real estate for a profit without the need to renovate or the need for large sums of money.

But is wholesaling real estate legal in Wisconsin?

The short answer is yes – the strategy of wholesaling real estate deals in Wisconsin is legal if the transaction complies with Wisconsin law.

Real estate wholesaling is often referred to as flipping paper for a profit. Real estate wholesalers acquire the rights to buy a home – by signing a contract with a seller. A real estate wholesaler, who holds equitable title, can then sell/assign (for a profit, hopefully) their contractual rights to another buyer – who is often called the ...

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Is Wholesaling Real Estate Legal in Nevada?

If you’re interested in real estate investing, the Silver State could be a potential goldmine of opportunities for you.

Few economies can rival the sustained visitor and tourism vitality of Las Vegas, but Nevada, strategically situated between California, Arizona, Utah, and Colorado, holds promise in all parts of the state.

Many people do exceptionally well as Nevada real estate professionals.  Some opt for a traditional career, but others are excited about the possibility and the freedom of wholesaling.

 

What Do You Need To Know About Wholesaling In Nevada?

Las Vegas is far and...

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