In this podcast, I talk about the new Philadelphia wholesaler license that will be required to wholesale real estate throughout the city of Philadelphia.
This is breaking news in the wholesaling houses industry! These changes may cause a ripple effect taking place throughout the country. Other areas such as IL and OH and OKC have implemented similar restrictions on those of us who wholesale real estate.
What are your thoughts about the new law and license requirements to become a wholesaler in Philly? Do you think it's fair? Do you think they went too far? Are they asking for too much? I'm curious to hear your thoughts in the comment box down below.
My personal opinion is that there's a lot of steps necessary to make it happen, which is actually a good thing for some people and will be prohibitive to others. Some people won't be able to afford the $200 causing them to feel like they can't do it. Others will have less competition and be able to flaunt their new license as extra credibility. It should be interesting to see how this plays out.
The real estate wholesaling field has become the wild wild west to a degree so restrictions are being put in place. Governments want to get a piece of the action as well. People ask me all the time is wholesaling illegal? And I let them know that it's definitely possible nationwide. In some areas there just may be a few extra steps you may need to take to make it happen such as in Philadelphia.
I hope this podcast helps!
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Here's the link to get your Philadelphia wholesaler license: https://www.phila.gov/services/permit...
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