Topic: Is Wholesaling Legal? The Pros & Cons of Wholesaling
- What is Wholesaling? What is it not?
- Is Wholesaling in Real Estate Legal? Amy's Answer: Depends on how you do it.
- What are you actually selling?
- How can you safely market a wholesale contract?
- What does it mean to be the principal of the contract?
- What do "intent" and "ability to close" mean?
- Why having a real estate license may actually protect you.
- Why my opinion is not the same and national gurus, and why I'm right.
- Basics on contract law and why most wholesalers contracts are unenforceable.
Speaker: Amy Farrow
Amy began investing in real estate in 2001. As an attorney, Amy found the day to day practice of law boring. With the birth of her second child, she wanted to be home for her children and not trapped in an office. Her most interesting clients were real estate investors, developers and property management companies. She began visiting their projects and learning about the processes of real estate. A friend mentioned that he was working on a house that he bought at auction and asked if she would help him. Next thing Amy knew, she was working on repairing and reselling three more houses. Amy put her knowledge of foreclosures and the legal process to work and began knocking on doors of people scheduled for foreclosure sale. For the next decade, Amy learned all about the construction of houses and detecting problems. Amy has built houses, developed land, rehabbed over 50 houses, been a landlord to 25 units, bought and sold with seller financing, raised capital and helped many investors with both business and legal issues. But it hasn’t been all roses and sunshine. Amy credits some of her best “lessons” to the projects that didn’t work out. There have been “a lot” of lessons along the way. Now Amy hopes to save other investors from the “lessons” by sharing her experiences and advice with other investors and learning from their “lessons”.
Additional Meeting Information:
Wilder's Cutting Edge Bistro
2639 S Oneida St
Appleton, WI 549115
Wilders Cutting Edge Bistro will be open beginning at 4:00pm! Come early to network and enjoy food! We will begin check in at 5:30pm and we will start with meeting announcements at 6:30pm! You can stay after the meeting as well to network! Remember to bring your deals!
Members are always FREE!
Your first meeting with WiscoREIA is FREE!
After your first meeting, Non-Members are $20
WiscoREIA’s Appleton Main Meeting Always Meets on the 2nd Wednesday of the Month from 6:30pm - 9:00pm!
Wednesday, June 12th from 6:30pm – 9:00pm
Hosted by: Jason Lund & Cory Schubert