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From Jamel Gibbs, Wholesaling Advisor …
You may be reading the title of this lesson title and thinking to yourself…
“Well, well, well. Mogul finally goofed. Everybody knows you can’t wholesale to FHA buyers, because it’s illegal!”
Well hold it right there, partner. I’ve actually been able to execute this sort of transaction, by creating a way to do it that’s legal.
Even better, as one of Mogul’s faculty advisors, I now have the privilege of sharing this process with you, and explaining exactly how to do it in your own business!
The Legal Way To Get ‘Er Done
So, yes, it’s true that you can’t typically do a wholesale deal with an FHA loan, because FHA’s guidelines don’t allow you to make wholesale transactions. (Bummer.)
But my team and I figured out a way to do it by playing the role of “middle man”.
I simply acted as…
Jamel Gibbs
is also a mentor for other real estate investors helping them to achieve their goals. He is the owner of Mill Street Properties LLC and he invests in real estate all over the United States. Jamel's skills and drive were the winning combination to develop his efforts into a repeatable system. This system is now making him as well as many others tons of money.