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REIunite.com - Chris Goodson talks about the legality of wholesaling in New Jersey
Manage episode 155141835 series 1147896
Inhoud geleverd door REIunite - Bringing Together Real Estate Pofessionals of New Jersey. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door REIunite - Bringing Together Real Estate Pofessionals of New Jersey of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
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
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