Tennessee Wholesaling Regulations: Equitable Interest Disclosure & Takedown Method
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Today on Flipping Mastery TV, we delve into the thrilling world of Tennessee's latest wholesaling regulations. Tennessee has joined the fray, introducing strict rules that demand wholesalers to disclose their equitable interest to both buyers and sellers. This means detailing assignments, novations, and double closings before the transfer of legal title. Recent Tennessee case law has made it crystal clear that selling equitable interest requires a real estate license, adding a new layer of complexity to the game.
The team at Flipping Mastery TV breaks down the new law, emphasizing the importance of notifying sellers three days before contracting with a new buyer. To assist viewers in navigating these regulations, they generously offer free contracts and addendums for proper disclosure. But fear not, for there's an alternative to traditional wholesaling - the "takedown method." This ingenious approach involves buying distressed properties at a discount, taking ownership, and selling for a profit without the need for licensing or disclosure hassles.
In true Flipping Mastery TV fashion, they highlight the benefits of the takedown method, promising the potential for two to four times more profit compared to conventional wholesaling. By sidestepping the complexities of brokering, this method offers a straightforward yet lucrative strategy for real estate enthusiasts. Viewers are encouraged to explore the provided resources and a pilot program to master this innovative approach. So buckle up, gearheads, as Flipping Mastery TV takes you on a wild ride through the evolving landscape of real estate wholesaling in Tennessee.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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Discussion about setting up winter camp in Tennessee for real estate business
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Questions about novation agreements, transactional funding, and double closing
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