If You Wholesale, Protect Yourself

I just discovered the Field Guide for Real Estate Investors, at REITactics.com, and it looks like they have a lot of great information on their site. I especially like the analysis of the 50% rule for commercial properties. In summary, "the 50% rule of thumb is a very useful tool for an investor to use when evaluating a property to purchase when the rental amounts are under $1500 per month."

Learn more about that one here.

As a wholesaler, I found this item particularly insightful. Key concept: "Know what your real obligations and liabilities are before you joyfully think you are no longer part of the deal. Then take appropriate steps to limit your continuing liability in the transaction."

A recommended read. More at the link below:

If You Wholesale, Protect Yourself

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