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

Resources:
Chris Goodson
www.njreclub.com (meets the 3rd Weds of every month)
www.goodsonlawoffices.net

References made to Jeff Watson's video regarding Wholesaling Legalites can be found here: http://watsoninvested.com/wholesaling/

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