Hard times bring out desperate people⦠and desperate people do dumb, illegal things.
Let me be real with you ā fraud spikes during economic pressure. And in this space, wholesalers are not immune. Just this month, a wholesaler almost got dragged into a federal case because the people who brought him a deal were committing fraud. š³
Hereās the kicker:
He didnāt even sign a JV agreement ā and that saved him.
If he had, he couldāve been legally liable right alongside the fraudsters.
This is exactly why Iāve been preaching loud and clear:
ā I do NOT JV.
ā
I work strictly by Assignment of Contract.
You donāt always know who youāre working with ā and when the feds get involved, intent doesnāt matter. If your name is on it, youāre in it.
š§ Let this be a fair warning. Protect your name, your business, and your future.
If you must collaborate, do your due diligence like your life depends on it ā because it just might.
š„ Stay sharp. Stay legal. Stay out of trouble.