Do you need a license to wholesale real estate in California?
Click to see full answer
Just so, is real estate wholesaling illegal in California?
Jenifer Levini I'm a real estate attorney, here in California. I work with a lot of investors. The answer to your question is: It depends! First wholesaling, in general, is not illegal.
Secondly, how do you buy wholesale in California? The 4 Best Ways to Wholesale Properties in California
- Develop a Network of Buyers and Sellers. This might sound like common sense, but too many new wholesalers fear that they are competing with other investors.
- Present Buyers With A Plan. Make it easy for a potential buyer to see the value in the wholesale deal.
- Get Partners.
- Invest Back Into Your Business.
Also asked, do you need a business license to wholesale real estate?
You do not need a license to wholesale real estate; you just need to be the principal buyer in the transaction. It is helpful to have specialized knowledge of the home buying and selling process, but there is no assessment required to begin.
How can I legally wholesale?
Wholesaling real estate, in general, is legal. Wholesaling real estate involves finding a distressed property and then making an offer on it. The offer will be contingent on you selling it to another investor. Once the investor purchases the property, a wholesale deal will be complete.