In this episode of the Deal Finders Podcast, we dive into the implications of South Carolina's new Bill 4754 for wholesalers. This significant legislation has stirred various reactions in the real estate community, from panic to indifference. We break down what the bill means, especially its definition and restrictions on wholesaling, and explore legal strategies to continue business within the new regulations. Whether you're a seasoned investor or a newbie, this episode offers critical insights into navigating these legal changes and finding ways to thrive despite them.

Key Talking Points:

1. [00:00] Introduction to Bill 4754 and its impact on wholesaling in South Carolina.
2. [01:19] Reactions from different sectors of the real estate community.
3. [03:22] Key definitions and changes introduced by the bill.
4. [05:09] Legal interpretations and what is still permissible under the new law.
5. [07:18] The importance of not marketing properties you don't own unless licensed.
6. [09:07] Distinguishing between advertising a contractual position versus real property.
7. [11:35] Challenges for attorneys and their liability under the new law.
8. [13:14] Strategies for continuing business legally, including installment contracts and lease options.
9. [15:46] The necessity of finding private lenders and building cash reserves.
10. [18:50] Future implications and the potential for other states to follow suit.

Links & Resources:

• South Carolina Bill 4754: Link to Bill
• Jerry Norton Podcast: Jerry Norton's Podcast
• Alex's Installment Method Training: Installment Method Training
• Deal Finders Community: Deal Finders Community
• Contact for Private Capital Raising: Schedule a Call

Closing Remark:

Thanks for tuning into this episode of the Deal Finders Podcast. If you found our discussion on Bill 4754 insightful, please rate, follow, and share the podcast. Your feedback helps us bring more valuable content. Stay connected with our community for updates and strategies to navigate these changes effectively.