1. Are You Wholesaling And Flipping Houses Legally?
You may be concerned that your potential new real estate opportunity and whether you are really
flipping houses legally. This process is legal when done properly!
Yes, some scam artists have taken advantage of the wholesaling process to scam the homeowners
and their buyers. In addition, house flipping, has gave rise to many inexperienced investors making
plenty of blunders and losing cash in their investments.
You and I both know that you're not going to take advantage of the buyers or the sellers. In fact,
wholesaling offers a win-win situation for everyone involved in the deal. You just have to beware of
scams that can pop up. It's also a good idea to know what kinds of scams these con artists are also
running.
Why are People Wary of Wholesalers and House Flippers?
It was incredibly easy for a buyer to get duped or just be overly optimistic about purchasing real
estate for way more than its worth when looking at a house. Part and parcel of making a sale,
especially when flipping houses legally is to make the buyer fall in love with the house. A duped buyer
is then stuck with a property they can't make a profit on or a mortgage that they will have a hard time
paying for.
One popular scam that con artists use on buyers is to work with a crooked home appraiser who
values a home for far more than it's true market value. Then the investor gets larger profits on a
property and the buyer gets stuck with a loss of profits and even bad credit when they realize they
can't pay for the home and make needed repairs or even sell the property for enough to cover the
mortgage.
Weasel Clauses in Those Contracts
You'll also find some buyers and sellers who've been burned by contracts with weasel clauses. These
are clauses that you can add to any 'agreement to purchase' contract, but are written in such a
manner that you can easily pull out of the property sale without worrying about the homeowner suing
you for not closing the deal. Some clauses are more like 'weasel clauses' that allow the investor to
pull out of a property sale for any reason on very little notice.
There are good reasons for inserting clauses in your purchase agreement. You may learn that the
house needs major repairs that would screw up your profit margins or are looking for a specific kind of
house for a buyer and learn that the property doesn't fit.
When flipping houses legally with the homeowner let them know that the purchase is contingent on
your being able to find a buyer. You'll be surprised how many homeowners still want to sign that
contract with you. Many homeowners are just glad that someone is actually interested in buying their
home and are willing to wait a little while for you to find that buyer.
There are Advantages to Flipping Houses Legally!
Show any wary homeowners and buyers that there are plenty of benefits to wholesaling and flipping
houses legally. The homeowner gets to unload a property that's costing them money, time and
energy. The buyer gets a cheap property that they can still sell for a profit of their own, live in or even

2. fix up and rent out. This is because you'll only be marking up the price on that wholesale property a
little bit. Plus, you can pay a little extra cash to any person referring the homeowner or the deal to
you, creating an extra benefit for the homeowner's friend or family.
Lastly, you will get to take home cash profits for little work and even less money down on the
property.
You have nothing to fear when wholesaling and flipping houses legally. The practice of selling real
estate is only as good or as bad as the investor whose selling that house.
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