Posted by Courtney on December 13, 2008 at 20:48:58:
In and around the Buffalo area? Are you familiar with the area? How would you suggest I deal with the title companies?
Posted by Courtney on December 13, 2008 at 20:48:58:
In and around the Buffalo area? Are you familiar with the area? How would you suggest I deal with the title companies?
Wholesaling in NY - Posted by Courtney
Posted by Courtney on December 11, 2008 at 11:22:34:
I want to start wholesaling in the upstate NY area but I’m hearing that wholesaling in NY is borderline illegal. I haven’t spent a lot of money on marketing or anything yet, so I’m trying to find out the validity of it all before I invest anymore time or money. Is anyone else wholesaling in this area and have yo had any problems or had to do anything specific in order to stay away from lawsuits? Thanx
Wholesaling not Illegal - Posted by DJ-nyc
Posted by DJ-nyc on December 12, 2008 at 12:25:56:
Buy low and sell high. Not illegal its the American Way.
Its the Deal structuring that you have to learn and conquer. You may want to join a Real Estate Investors group in your area upstate.
DJ-nyc
Re: Wholesaling in NY - Posted by Ken
Posted by Ken on December 12, 2008 at 10:25:42:
I do some wholesaling in upstate NY.It is legal but you will need to know how to deal with the title companies to make it happen.Where are you located upstate?
Re: Wholesaling in NY - Posted by Courtney
Posted by Courtney on December 11, 2008 at 17:19:24:
I am getting properties that are below market value, getting them under contract and then assigning them to other investors. I will then collect an assignment fee. I know it’s okay in the southern states but I’ve been getting some mixed reactions about New York.
Re: Wholesaling in NY - Posted by Natalie-AV
Posted by Natalie-AV on December 11, 2008 at 14:38:10:
Wholesaling can mean an awful lot of things, most of which are not illegal. Give us an idea of what, exactly, you plan to do.
–Natalie
buy REAL low and sell low - Posted by DJ-nyc
Posted by DJ-nyc on December 12, 2008 at 12:27:01:
wholesale = buy real low and sell low.