Wholesaling is Officially BANNED In SC - New Law Explained By A Lawyer

South Carolina HB 4754 is a new law that bans wholesaling completely. There is a lot of confusion around this law so on this video Jerry interviews Gary Pickren, a SC lawyer and member of the SC real estate commission to clear the air. Find out what this law means and how it will impact wholesaling.
Gary Pickren
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[@bobwardrop9344]

It's not about if it's sinking in or not, it's about NAR eliminating their competition and monopolizing the market and paying high priced lobbyist to argue in congress to pass their requests. The problem is, we don;t have a voice in the argument and need you Jerry, Pace, Jamil, Brent and any of the other leaders in this industry stand up for and defend our industry.

[@richc.realestatetoriches1910]

This is fact. But they're not going to stand up and fight back they've made their money already

[@dominiqued2539]

This is exactly what it is. This is why it’s the real estate board in SC that created this law. They only want to funnel sales transactions through the on market platform and limit the money made on transactions.

[@AdrianDurning]

Yeah Jerry, I talked to a flipper named Brandon who does a lot of deals, who flips in GA and SC, and he told me some things about this guy you interviewed. He was one of his students. He knows the guy pretty well and he said, this guy pushed for this law so that he can make money for his own program to teach people about installment sale technique. This guy even admits in this interview that he had a conflict of interest and that he couldn’t say much during the meetings about the law. But clearly he put his two sense in, so that wholesaling could be outlawed in SC. Because “wholesaling is a dirty word” and is a problem. Now he can make money with his real estate installment program because wholesaling “isn’t the best mechanism” for real estate. Ugh!!! 😩 why do people have to be greedy and selfish.

[@SANTANAB751]

Exactly, he clearly looking out for his pocketbook. He definitely pushed his program and he is a part of the good old boy system.

[@SANTANAB751]

Jerry gives him the ammunition to fight against his program so he can cash out with his program.

[@SANTANAB751]

Again you’ll put all the information on the internet and they use it to fight against it. These guys want to take the money out of your pockets and put it back in their pockets. He clearly on the side of the people that stress fighting the wholesalers. I can quit watching all of you now. Good old boy system still at work in America and they wonder who people are leaving. He still talking about his program.

[@barbarateresarhiannonsreal1756]

Pay Attention Folks, this guy is lining his pockets with other people's money.

[@willcarter9583]

This guy is definitely wholesaling in South Carolina when this rule passes

[@sosameta]

💀

[@JL4ever]

EXACTLYYYYYYYY!! 💯

[@TA-tw6mv]

Omg I was thinking this

[@cliffsolvesproblems]

😂😂😂😂 Love it....FACTS THOUGH

[@juss_kev1487]

He been doing shi like this to get rid of competition 💯

[@poppygoldensun]

Wholesaling, often involve contracts that are governed by common law principles. This means that the rights and obligations of the parties involved are determined by the terms of their agreement and established legal precedent rather than specific real estate regulations as it is in the Real Estate Industry. In the United States, the Supreme Court has recognized the right to contract as a fundamental right under the 14th Amendment to the Constitution under the Due Process Clause and the Contract Clause. If a State interferes with the peoples right to contract the law should and would likely be struck down. This attorney is full of it. If everyone knew the truth the Real Estate Industry would fall on it's face and wholesaling would be all that's left.

[@magbro4248]

I mean who would had believed how the Lawsuit turns out for the FAR... This Lawyer throws often the example with Cars and Title and Dealerships license etc. those are the biggest scammers of all times!!! They will go away and everything goes online... wait for it.

[@menofbusiness26]

Love this comment thank you

[@poppygoldensun]

@@menofbusiness26 💯

[@jvmore3821]

Real estate attorney stated : they found a way to get rid of wholesaling.

[@poppygoldensun]

@@jvmore3821 I don't care what the lie-yar hole said. Lol

[@terryhunter1749]

Seems like the safest answer is to buy with seller financing (sub-to, carry-back, cash, etc.) and then re-sell as the owner of record.

[@nosleeptilheaven1772]

Good but you'll still need to pay transfer and recordation. Most wholesalers are broke

[@jesus85ize]

@@nosleeptilheaven1772 Not if you can leverage a community of people who have funds. I mean, I trusted community that already has filtered it and continues to do so. You have a community of people always growing, but closed out from total chaos, you can make strides.

[@onewithnature8435]

It's good to see both sides, but why don't you bring on a lawyer that is going to explain how to legally wholesale in SC?

[@Blackifunny]

Because this guy is going to make money from wholesaling going

[@ryanchase3093]

Bottom line, transacting costs are now higher, offers will have to be lower. Buck gets passed to homeowners. Great job SC screwing your people.

[@SANTANAB751]

Jerry ready to lend his money to make money off of the newbies and he and this attorney probably got a special training or class coming out soon together. LOL If I agree to sell my house and the buyer is okay with my price. Why the heck do I need to have someone tell me, I need to give this broker my money who has done nothing. This entire podcast got Jerry paid on views and comments at the end of the day. LOL They wholesale everything else but real estate is an issue. They all are full of it and now they will capitalise on it together. Good Old Boys.

[@eallen5562]

No Jerry, its not they don't like wholesalers. It goes back to follow the money. Who is to gain much from this new law? The Real Estatec Association. It appears to me, since they are losing Agents left and right, this is way for them to force people to either stay a realtor or become new ones. Its about existing.

[@AncientCityStudios]

And banks. Less REIs = more bank loans.

[@gabosana8900]

The guy said, “they have no jurisdiction over you so they want you to get license so they can have jurisdiction over you to control.” And, so how will homeowners get rid of their house if Realtors aren’t performing code of conducts to protect the interest of the sellers but yet you have sellers loosing their house due to foreclosure due to Realtors not performing as promised. Realtors lie a lot in regards they can sell your house but in the end leave you dry because they can not perform. I believe if I was a seller and a realtor wants to perform as my agent he/she should place EMD so if they do not perform they should loose the EMD for not performing. Realtors has no recourse for the lies they say to a seller, Realtor should have a skin in the game too. My two cents.

[@poppygoldensun]

💯

[@patrickdelaney8084]

I agree totally. Realtors tell home owners I can sell your home for 200k when it’s only worth 150k so the home sits on the market and never sells. What’s being done about that?

[@strykz63]

So well said... what the hell is the sense of going and getting a license and u still cant do your job🤷🏽‍♂️

[@christianhcevallos]

Bro wholesalers are worse than realtors. Wholesalers aren't licensed and don't abide to any code.

[@christianhcevallos]

​@@patrickdelaney8084become a realtor and tell the seller the truth? Seems like an honest way to do business.

[@benconfluence9801]

Thanks for tackling this Jerry and looking forward to hearing how we best move onward and upward!

[@eallen5562]

South Carolina has always been about controling other. They say you can do something just to "bring" you under their control. Its their ancient ancestry behavior at work today.

[@kimberlymadden9044]

Facts! I'm a SC native and it's still essentially a SLAVE state.

[@SANTANAB751]

Slavery State

[@Ethan-tl3oc]

Jerry thank you for this video, great information! Thanks to Gary Pickren for speaking on the topic!

[@MYK-jd6uz]

He's boasting about illegally roping Wholesalers into being an agent if they want to be able to wholesale understanding beforehand that it's actually something deemed illegal or forbidden after becoming a licensed agent. All parties are doing tings to further advance their own agenda. The only difference is they are the law.

[@Himithor]

Hey JN, great video as usual. Can you do a video on the installment process that the SC lawyer is talking about. Thanks keep up the good work!

[@illuminatiaristocracy57]

You must ‘ASSIGN’ blame to Realtors, and Attorneys. They’re the ones who are hating on Wholesalers

[@poppygoldensun]

💯

[@sosameta]

realtors get the same hate, and so do attorneys, it’s all because of actual predatory practices & also the ill informed/inexperienced apples

[@TitleistGolf13]

Need a license to do that LMAO

[@user-lx4ve5je8o]

I know of one wholesaler who currently has a seller under contract who is in pre-foreclosure. It's a bad deal, and he can't sell it. He's just extending the contract and stringing the seller along. This is why the laws are changing. Many wholesalers back out the day of closing. I think it's disgusting. You reap what you sow.

[@Uzid991]

Good info as always as for the installment method that was mentioned I’d like to hear some more elaboration on that.

[@AberrantArt]

Great interview Jerry!!!! You asked great questions and made great points

[@ciprodriguez]

NAR is a monopoly and they are scared

[@Rence38]

Good stuff. Thank you Jerry

[@MikeOtranto]

Great video! Does the wholesaling law in SC apply if the wholesaler has an active real estate license? I think Alabama passed a similar law requiring a wholesaler to be licensed if they want to market the property/contract.

[@RayJGonzales]

Jerry nailed it at the end by saying "raise the bar" and "be a real investor". Too many reckless people jumped into the game cause it looked flashy, now there's gotta be guard rails.

[@haroldriley9741]

A ton of horrible realtors butt hurt because they're getting out worked by wholesalers. Most realtors only care about commissions and looks and not the seller. Most are glad to let a seller bring money to closing or just break even as long as they collect their commission. 95% of realtors are trash and lie. 5% are unicorns and great in my opinion.

[@eallen5562]

It's the Realtor Association that should be sued for trying to corner the market on who can sale real estate without having to pay realtor dues to and having join some "controled" group. Where is the American Freedom where two people can agree on something in writing or the shaking of hands, do business without the State getting involved in a private practice?

[@poppygoldensun]

Bingo

[@terrirafiq9329]

Monopoly

[@devincarder9333]

Thank you for providing clarity on South Carolina's new law! Appreciate you Gary and Jerry

[@jamieinsc]

Thank you for this fantastic video and sharing the information.

[@jvmore3821]

So in effect : 1) Realtor associations he says want to eliminate wholesaling. 2.).There was no jurisdiction to legally out law it. 3). So they add a law that to wholesale one is required to have a real estate license.4) once you have a RE license, they the powers that be, eg, commissioner can regulate what a RE can do, & with intent they say & regulate new law that as an RE licensee, you cannot wholesale - wholesale is now not legal. Gotcha. Essentially this is a back door created to outlaw an industry of wholesale currently not regulated, not required to pay fees & dues for local, level, state level, & national dues & fees , etc. Wholesaling is being backdoored to come under control of the big corporate Blackstones- what do you think? I see it as a power grab

[@donsmith9194]

Yep, and shut the door on individuals becoming wealthy “they” black rock… can’t control.

[@timbarnes555]

Absolutely!

[@jackgriffin8511]

So what you're doing is giving into the NAR, because you can afford to do so; and hanging a huge number of beginners or anyone at any stage in the game that can't afford to do it your (the NAR's way), out to dry. You're a traitor to the business, and have switched sides because you can afford to do so. And just to show how ridiculous this whole situation is, think about this. It used to be that you could use the end buyers money to fund a transaction. But the NAR, in their ever vigilant fight against wholesaling (even though wholesalers and agents make great partners; what do you think that's about, maybe control and all the money the NAR makes off their agents), had legislation passed to outlaw that way of operating. But in a transaction facilitated by an agent between a buyer (in wholesaling, the 'end buyer'), and the seller, the buyer is bringing the money to the table to make the transaction happen. So the hypocritical NAR is stopping a wholesaler from doing exactly what they're doing with every transaction.

[@bjlehnhof]

Such a great interview!

[@seand8415]

Don't "market" the property that you have under contract. Ask your "investment partners" if they're interested in partnering on an investment opportunity. Then just double close

[@themoisturehut]

So is that what this video is about, just banning of the marketing of homes without having a real estate license?

[@onewithnature8435]

This is my thought. I bring most of my deals to my cash buyers for a finders fee, in the end I don't have to sign a contract. This will just weed out the weak.

[@alexanderdelatorre6084]

Everyone just says to double close but half of you can’t even raise money for EMD?!

[@seand8415]

@@alexanderdelatorre6084 🤣🤣🤣

[@mindingmybusiness9765]

@@onewithnature8435 is your finders fee a set amount for all deals?

[@dr.jasonbaca]

45:33 Perfect strategy Jerry! 👏 ... Something we're doing now too is ... (1) Buy the property with nothing down creative financing ... (2) Clean it out and clean it up ... (3) Resell on the MLS or to a cash buyer ... With the ideal turn around time being less than 90 days start to finish ... Ultimately, it ... ✅Allow you to buy the house and get into the deal for close to nothing (lowering the barrier to entry) ... ✅Avoids you having to do big fix and flips that take time and require a lot of money ... and ... ✅The seller doesn't have to wait long to get paid on the back end (and neither do you 😉) ... Looking forward to see how everything starts shaking out nationwide as we go. Great video Jerry!

[@SANTANAB751]

Lol he listen to you and report

[@Casinowarmaster]

I think they want to stop wholesalers that back out of deals because they can’t find a buyers

[@TitleistGolf13]

This was an extremely interesting and awesome video Jerry you flipping genius you!!!

[@AncientCityStudios]

Hey Jerry. Do you think Hard Money Loans will still be a viable option for the Installment Method? For instance, Place your initial deposit, then get a hard money loan for the second installment after finding an investor through dispo? Thanks in advance.

[@chrisz7083]

So this only applies to residential property? The property has to have a house on it? Things like raw land for development or commercial property or just land in general?

[@sonnytimpkins9699]

Thank you Gary for your time and expertise. .Wish he could have told us how to do it now, besides an installment contract. How should we approach this now.

[@quincystev]

Great interview Jerry .. very interesting .. I’m wondering how long will this take to make it to Georgia 🤔

[@rogerllaurado4153]

@GaryPickren Sounds like an installment contract works for fix & flip. Cant you sub-to the installment contract to replace the assignment contract strategy?

[@allin1marketingsolutions770]

I closed my home with funds from Wholesaling through cato and Pickens.

[@dr.jasonbaca]

37:51 Exactly! 👏 ... Even if you "get away with it" for a while, all it takes is for one thing to happen down the road and it will all come back to bite you years later and undo everything you've done up until that point ... It's just not worth it ... SUPER VALUABLE STUFF here, Jerry! Thank you Gary for all your insight here! 👏👏👏

[@kevinobrien6750]

Ron Legrand does the same type of thing with fixer upper types of properties what he calls his sweat equity program. Does it as a lease Purchase just with a distressed property.. or would you prefer to do something like a sandwich lease option?

[@SANTANAB751]

Again, these methods been around since Ron Legrand and Carlton Sheets. Trust me its a target and control issues here in the good old state of SC Good ole boy system.

[@chrisz7083]

Jerry, Gary talks about doing a contract for deed and then sell after its been repaired. Could you do a novation with a flipper and have them pay for the rehab, then they get their profit on the sale and the "wholesaler" or Contract for deed investor get their spilt in the middle? Do you think this would make sense and work? One other thing, what about the property that has a mortgage on it? Would you need to do a wrap or a sub 2 to be able to get the property to the point where you can do what I said above? Hope that makes sense.

[@dtruegifts]

Hey, Jerry, will you make a video on how new wholesalers just starting out should approach this with little cash

[@billythekid2215]

A deal is a deal regardless. If a property is a deal, get proper funding (hard money, family, borrow 401L, etc) and then market and sell the property.

[@alexorovitz3273]

How would a lease option work with this new law? Would you have established equitable interest during the lease period and be able to find a buyer during this period?

[@Himithor]

25:13 Installment contracts'.....JN can you do a video explaining the possible strategy. Also, what If I as the investor use say, your cash to buy the property in SC, and then sell it to an end buyer. Would I have to hold the property for a certain length of time before I sell it to a final end buyer? Thanks for all that you do! Noobie at work here.

[@calebrivera2649]

So the best thing to do would be to JV the deal? Basically work for your cash buyer as an employee and get paid as if it were a commission that way there’s no BC contract?

[@eallen5562]

These the same kind of people that know little about anything who make laws that claim to protect people. Until you see it doesn't protect the citizens from anything. Its true intentions, in this case, is to protect the agency. You heard how the Association had been fine millions. Where do you think they need to recover those losses. By getting wholesalers out of the way. What agency been in the halls of power trying "create" laws to , so-call, "protect the pubic?"

[@boroberts5687]

Great recap, thank you guys! Im getting flashbacks to the sovereign citizen arguments with all these word games people are trying to play

[@collinbaptiste5619]

Gary, you're a flipping genius, sir 👏🏾 🎉 🎉🎉

[@InPropheticTimes]

Thanks for sharing this, however I wish more time was spent on explaining the actual "solution" or "alternative" to wholesaling... How exactly do installment contracts work? It seems there is very little differentiation to the wholesaling method, with the exception that you're putting a very small down payment "$1,000" to get on the title/or deed??? Then afterwards, you legally can market the "installment contract"... that's hardly a big change, unless I'm missing something. The attorney sounded like it was so different from wholesaling when it's not... Jerry can you do a separate video going in depth on installment method? Unless you already did one... and I missed it. Thanks again!

[@JL4ever]

They want you to think its rocket science when its not. Its actually as simple as it sounds.

[@poppygoldensun]

​@@JL4ever💯

[@vandalinvestments3886]

The difference is that YOU are actually TAKING TITLE / OWNERSHIP of the property. That is the one and only prerequisite to being able to market and sell the home.

[@terrirafiq9329]

Yes, video on this method please

[@oscarrobertson5097]

Would love to hear a conversation with another Attorney in SC with a different or alternative interpretation of this Law

[@JaredHettler]

Just get your license and represent your buyers on the deal. Charge them whatever % commission you want. Problem solved. No risk. No jumping through hoops.

[@themoisturehut]

So should we just get our real estate license and then wholesale the contract of homes? Bc I don’t want to just list the property and just wait for a buyer just to get 3% fee. Even with a license, that’s not good enough for me. What is the solution? I just can’t think of a real solution…..

[@Dickus4eva]

You don’t even need to do that check out the flip with rick guys they exposed this law and how gurus are taking advantage of this to mislead wholesalers into thinking its banned🤦‍♂️ even if this law were to pass you can still wholesale in SC but you cant advertise or market the property as if you own it.

[@themoisturehut]

@@Dickus4eva wow so sad how people will lie for financial gain. Thanks for commenting

[@EM-fz3hf]

I can still wholetail in SC if I wanted to though, right? That's completely different.

[@johnma1280]

Yes. The issue isn't reselling or even assigning. The issue is trying to market it out before owning it.

[@RealEstateDisruptors]

100%

[@ciprodriguez]

15:58 but when you buy a car you can hold title not sign it and flip it. So should any buyers of cars need dealers license to buy a car?

[@christianhcevallos]

Yes if they do it as a business

[@codyrose]

How about option contracts? What if we are honest with our sellers and let them know hey I’m not the end buyer but i know we can get “X” price done and I can introduce you to my friend who would like to buy the house. Or something along these lines? Then have a referral fee with your friend or end buying investor. This all has to do with ethics and honesty with wholesalers and sellers. Just. Be. Honest.

[@christianhcevallos]

Sounds like you're acting like a realtor without a license which is a felony

[@beptex2858]

I saw a Instagram post that said it’s not it’s just gurus saying that it’s banned.

[@jasperson6059]

I'm just genuinely curious. What do you think the incentive is for "gurus" to lie about it... let alone Jerry who literally does the business on a day to day (wholesaling, fix & flips, developments)

[@themoisturehut]

Gurus didn’t say that it’s banned. The law in SC said it. Sad but true.

[@davidbuffalo6821]

It's been coming a long time. I was talking to someone in CA about 10 days ago who was pitching a course, and I told him that the hammer was coming down here and nationwide. I have funded wholesaling and rehab transactions, and I pulled out of it 3 years ago. It was inevitable, but now, if the governor signs the bill (which he will because he is effectively a Democrat with an R beside his name), it will become law here. This law could set a national precedent, unlike what is happening on the West Coast USA.

[@TheTyrelMize]

If it's a good deal, contract on it, close it, market it, then resell it. I realize this means a higher barrier of entry to real estate and a higher level of risk. Don't get mad. Get better.

[@BobCATClaims]

Flipping Genius, do you know if there are (or will be) any big wholesaling companies joining together and maybe even teaming up with NREWA to file a lawsuit against SC seeking an injunction until the case is heard by the higher courts?

[@FlippingMastery]

The industry at large is very resistant to creating a trade group.

[@MobileHomeGeek]

NAR won this battle!!

[@jaimeguzman9527]

NAR is the biggest cartel there is, I would like to see the wholesale community get together pull our resources and fight this back legally. These regulations are going to become costs passed down to the end consumers.

[@SANTANAB751]

Jerry just give them all of the tools to fight us with because your clearly giving him everything.

[@Maltpapi]

So, let’s be direct. What are the other options here? From what I understand is it isn’t about reassigning or assigning the contract, it’s the marketing behind title.

[@lamsamm]

Get on title before you market it

[@pick2flip333]

This is happening because of Real Estate Agents. But they’re in big trouble as well because they’re scammers

[@ryleyr9305]

It's sinking in. - crossing my fingers the current SC closing attorney I use doesn't know about this 😅 - in the future I'll just have to buy steep and re-list

[@ozzystephens7444]

Plus dont forget the lawyers stand to make a a good bit more money on double closing vrs single contract

[@qpkgdev]

What about co-ownership agreements where your not put on the title or loan and your co-investor (who you bring into the deal) has the option to buy you out at anytime.

[@omarleon2762]

That's an approach that could have some merit. Sounds like it should work, provided the seller gets full disclosure about the process to follow upon his signing of the contract; which probably should contain language that calls on the seller to uphold his decision to sell this way, in case the state gets involved and tries to derail the deal under this new law.

[@rogerllaurado4153]

@GaryPickren How about putting the the property in a land trust and afterwards assigning the beneficial rights to the land trust to you the wholesaler. Then you can assign your beneficial rights to the end buyer or even sell it to him since you will hold title as trustee.

[@omarleon2762]

You would still have to market those rights to an end buyer .. No?

[@rogerllaurado4153]

@@omarleon2762 You have every right to market the property and sell the property because you hold the deed. When a property gets put in a land trust the deed gets put in the trustees name which is you or your entity.

[@Beewiz18]

I’m from South Carolina , My question is can I virtually wholesale real estate in different states since I’m here in SC?

[@FlippingMastery]

Yes

[@andremoore5146]

What if you do not have to market and advertise the property and you already have your buyers??

[@Himithor]

JN....What if you buy the property and then keep it for X-amount of days and then sell it to an end buyer?

[@ciprodriguez]

13:54 so commercial and land are still up for wholesale?

[@thedanealden]

I caught that as well, language specified 'residential' only*

[@BobCATClaims]

Flippin Genius, I still don’t understand how this is supposed to protect the seller where they have agreed to a wholesalers price and terms (the agreement). Especially IF😂 they’ve already hired a realtor and the realtor was derelict in their duties by not getting it sold. Please ask the attorney to explain how this law protects the seller. Now, in property damage claim cases where an assignment can be abused by charging more than customary contractor fees and where there is a one-way fee statute whereby the contractor can have his attorney fees and costs paid by the insurance company (if they prevail) even if the contractors charges are outrageous, I would understand. But in the wholesale scenario, I just don’t get it!

[@starrarthur512]

Trust me just how Illinois passed it and they didn’t enforce it. South Carolina is the same way and I have a close relationship with my closing attorney you can hear it in the guys voice that he knows it’s still going to continue to happen. I’ve been doing business in South Carolina for four years & counting & They’re not going to enforce that, keep doing your deals stay optimistic and go crush it!

[@barbarateresarhiannonsreal1756]

Yeah, until you get caught & fined. Can you drive a vehicle without a driver's license or insurance. Absolutely 💯! Will you get caught?

[@daviddoten6729]

installment contract (contract for deed, land contract etc)is very reasonable. no problem with me. but private assignment of contract is protected under historical contractual law, protected by the constitution and with historical precedent since the magna carta. i dont need to be a licenced agent under your jurisdiction at all. nar and sc has no right to outlaw assignment of contract. assignment of contract (ie; "wholesaling") is constitutionally protected. your invented statutes are not constitutional law. i can market my contracts any time i want. its protected constitutionally. it is not under your fabricated jurisdiction

[@ThaRealERAQ]

This is going to concentrate ownership or wholesalers will work directly with a network of buyers

[@astronntv9246]

Maybe I’m missing something, but for virtual wholesalers, can’t we just switch markets to a more wholesale friendly market and continue the traditional assignment.

[@TommyLiggs]

Yes

[@donsmith9194]

But evil always spreads, so the other goofy states will try this crap as well.

[@matthewmitchell60]

What's going to be interesting, how a distressed home owner sell there property when banks won't fund the deal. And this will effect the realtors income also, and not to mention all the walk aways and abandon homes how will these home be purchased & rehabbed. Alot of lay offs in our industry. So what about seller finance, falls under the term installment method.

[@strykz63]

I love your content Jerry.. Not to sound like im making excuses but the installment method may work in some situations but what happens when a good wholesaler wants to use his super powers like getting an owner out of a desperate situation when the seller has literally less than a week before shit hits the fan. There has to be another way for the quick transactions to happen because we know realtors cant do it expediently like we can🤔

[@therealestatedasher1513]

Please make a video for the installment method.

[@novationking]

What happens to the seller if an inexperienced wholesaler gets it under contract gives them the thousand dollars and then can’t perform in the term outlined? Do they need to foreclose on the investor?

[@FlippingMastery]

Good point! Wholesalers can’t lock these up and “see how it goes” with finding a buyer

[@lamsamm]

Just find a way to get on title then market your ownership rights. That way you are not marketing something you dont own.

[@StevenAncona]

What is your opinion on RENTAL ARBITRAGE ? Do I need any type of licence ? steven ancona

[@garrettwaller8267]

So what about power of attorney? I had a relative that I Became her POA and sold her house FSBO. No shot that would be illegal now?

[@albundy3929]

Steve Carrel, great actor, and real estate lawyer.

[@Iamaproblemsolverllc]

This will probably end up in the SC Supreme Court, as far as this man saying that SC doesn't consider that a real estate contract to buy gives them equitable interest in the property.

[@ciprodriguez]

14:56 So Novation will replace wholesale?

[@ciprodriguez]

18:13 so we need a license to sell and buy anything and everything. A house is a thing like that crusty shirt I see in a yard I found on a yard sale sign on the corner of the street intersection.

[@Blackifunny]

Realtors are bitter because wholesalers make money of their incompetence so they want to turn in 50 people for doing something they could do

[@davidschy]

I don’t know about bitter. At least on my part I’ve always been confused at how wholesaling wasn’t licensed activity. You’re doing the same thing I do with listing but skirting the law.

[@LolaMercedes-et1jn]

So to be clear, the takedown method will remain legal in SC, correct?

[@FlippingMastery]

Correct, that will always be permissible

[@oscarrobertson5097]

Jerry: "'Its gonna eliminate alot of the newbie's" ...... Well Alot of the newbies look to you Jerry for guidance 🤔🤔...... Whats up with wholesalers association youve been trying to get going to combat these exact situations?

[@lamsamm]

They have been trying for a couple of years now, but 🦗

[@mershomspencer830]

The 🐐!!!

[@gabequezada2066]

imagine if I inherited a property then decide that I need to sell it? Id be in violation if I did a FSBO….. over-reach imo

[@brwynj]

Ok guys, this is how it works, incase you're not watching NAR wants there to be complete closes therefore they can get twice the commissions you see wholesaling is taking for possible commissions away from them. Do you understand that Jerry do you understand that Mr. attorney? Why would we need to word this any other direction, 10 four.

[@collinbaptiste5619]

Wasn't the "NAR " break in the laws all these years?

[@kevinrivera2084]

good!!! 👏🏼👏🏼👏🏼

[@joedonohue4600]

Simple: Take ownership. Something Realtors are too weak to do.

[@christianhcevallos]

Take ownership for a period of at least a year before flipping it. Let's see who's weak now big boy.

[@albertfernandez6315]

You guys need to have a debate on stage

[@Blackifunny]

Full of it for sure. “Why would you do something creative when there are already systems in Place that we understand” so just because you don’t want to learn means other people can’t do that. This is a whole conflict of interest