Like Joe – all my contracts say “and or assigns”. I have no trouble doing assignment deals on land.

Pretty much every broker I’ve ever talked to says “Wholesaling is illegal”. Whatever. Real estate agents know how to stage homes and collect their crappy fees.

My contracts always include the work “or Assigns” after my name.
It says that I intend to market the contract and make a profit.

Chuck,
I don’t want to paint with a broad brush, but brokers pull this stunt a lot. If you think about it, it makes sense the brokers would want wholesaling to be illegal…it eats into their business.

Don’t let them scare you off. I would ask for the specific legislation in question (i.e. a citation to the Tennessee civil statutes) that makes…[Read more]