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Yes, wholesaling properties is legal. Nonetheless, investors must fully disclose that they are the primary buyer in a transaction and intend to transfer their contractual rights to purchase the property to another buyer. The real estate contract must state that the wholesaler is not buying the property.

Wholesaling is legal in all 50 states. The catch is that you need to understand the local and state real estate laws that govern wholesaling activities.

If you only make wholesale sales, you don't need a seller's permit. But if you sell to customers that don't resell all the goods you sell them, you're acting as a retailer for those sales. Retailers must get an Idaho seller's permit and collect sales tax.

As a result, there's a gross misconception that wholesaling houses is illegal. It is worth noting, however, that wholesaling is not illegal. In fact, wholesaling can prove highly lucrative for those willing to follow the laws put in place by the state they intend to deal in.

Idaho's disclosure form specifically warns buyers that the seller does not possess any expertise in construction, architectural, engineering or any other specific areas related to the construction or condition of the improvements on the property; and that the seller has not conducted any inspection of inaccessible ...

As of , the average annual pay for a Real Estate Agent in Idaho is $78,457 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.72 an hour. This is the equivalent of $1,508/week or $6,538/month.