Wholesaling Is Officially Banned In Another State -- New Law Explained By A Lawyer | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 2 June 2024
⏱️ 52 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition) Jerry is joined by lawyer Gary Pickren to break down a new South Carolina wholesaling law.
Show notes -- in this episode we'll cover:
- South Carolina HB 4754 is a new law that bans wholesaling completely -- this is a crucial podcast if you are in not only, South Carolina, but anywhere in America.
- There is a lot of confusion around this law so on this Jerry interviews Gary Pickren, a SC lawyer and member of the SC real estate commission to clear the air.
- Find out what this law says, what it means and how it will impact wholesaling.
Please give us a rating and let us know how we are doing!
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: 💲
Make $10,000 Finding Deals:b https://flippingmastery.com/10kpod
Get 100% funding for your deals! https://flippingmastery.com/fspod
Mentoring Program: https://flippingmastery.com/ftpod
FREE 8 Week Training Program: https://flippingmastery.com/8wpod
Get Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpod
FREE 30 Day Quickstart Kit https://flippingmastery.com/qkpod
FREE Virtual Wholesaling Kit: https://flippingmastery.com/vfpod
FREE On-Market Deal Finder Tool: https://flippingmastery.com/dcpod
FREE Wholesaler Contracts: https://flippingmastery.com/wcpod
FREE Comp Tool: https://flippingmastery.com/compod
FREE Funding Kit: https://flippingmastery.com/fkpod
FREE Agent Offer Sheet & Scripts: https://flippingmastery.com/aspod
FREE Cash Buyer Scripts: https://flippingmastery.com/cbspod
FREE Best Selling Wholesaling Ebook: https://flippingmastery.com/ebookpod
FREE Best Selling Fix and Flip Ebook: https://flippingmastery.com/ebpod
FREE Rehab Checklist: https://flippingmastery.com/rehabpod
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🔌 PLUG IN & SUBSCRIBE 🔌
SUBSCRIBE: Jerry Norton and Flipping Mastery TV
FACEBOOK: http://www.Facebook.com/flippingmastery
INSTAGRAM: https://www.instagram.com/flippingmastery/
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 🤝
‼️‼️Pro tip: Make a post with your market & what you need help with‼️‼️
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Jerry Norton. |
| 0:04.0 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:16.0 | There's a lot of misunderstanding. |
| 0:20.0 | I'm seeing the socials just blowing up with everybody's got an expert opinion. |
| 0:24.6 | Everybody's got all ideas of what it means, what it doesn't mean. |
| 0:28.6 | And I really want to just clear the air and just see if we can get to the bottom of this. |
| 0:34.6 | And just what this actually means for wholesale real estate and the industry, |
| 0:39.3 | at least for South Carolina. And then, I mean, time will tell what happens from there. |
| 0:43.3 | Gary, thank you for joining me on this. I think this is going to be really helpful for a lot of |
| 0:47.4 | people. My audience in particular, because I cover this topic heavily on my channel around |
| 0:53.2 | regulation and the laws about what you can and can't do |
| 0:56.0 | with wholesale real estate. And one thing's for certain. We're starting to see a domino effect. |
| 1:01.5 | I mean, just in March alone, I think there were four or five states that passed regulation. |
| 1:05.8 | This one came through pretty quick with South Carolina. I mean, it was introduced in January, |
| 1:10.4 | went through the House |
| 1:11.1 | in March, just past the Senate, you know, yesterday as of this recording, which means it's pretty |
| 1:16.5 | much a done deal. The governor's probably going to sign. I mean, usually they do. And, and so then this |
| 1:22.1 | will go into effect. When will this law go into effect in South Carolina? So what's the governor signs, which could be any day, we don't know when, the law becomes |
| 1:31.4 | effective except for one section in the law which has to do with real estate teams. |
| 1:35.3 | They actually have a 12-month period to which implement the changes to the teams. |
| 1:39.8 | If you'd like me to, I can give you- |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Wholesale Hotline, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wholesale Hotline and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.