The body of North Carolina House Bill 797: https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H797v2.pdf It was passed by the NC House in April 2025, had its second reading in the NC Senate in June 2025, and nothing indicates to me that the governor will block it or veto it or anything. Expect it to come into effect on the first of October 2025. There’s a good summary of what you need to do now to be ready for the law change in just under a month here: South Elm Capital, August 28, 2025: “What North Carolina’s HB 797 Means for Real Estate Investors — And How to Stay Ahead” https://southelmcap.com/what-north-carolinas-hb-797-means-for-real-estate-investors-and-how-to-stay-ahead/

What’s up everyone? I’ve got some exciting updates for you! First off, we’ve added fresh resources to the Classroom section—templates, tools, scripts, and guides to help you take action and close deals. These are the exact resources I’ve used to build my business, and now they’re yours. Now for the BIG news: we’ve taken all your questions, feedback, and responses over the years and compiled them into a FREE Wholesaling Fundamentals Course that’s coming soon! This course is designed to walk you through every step of the wholesaling process—from finding deals to scaling your business. It’s everything you’ve been asking for, all in one place. Stay tuned, because this is going to change the game. Let’s get it!

Good news, bad news. The bad news first: filing of your BOI Report is back on, and it’s mandatory. The good news is: 1) February 18, 2025: “FinCEN Extends Beneficial Ownership Information Reporting Deadline by 30 Days; Announces Intention to Revise Reporting Rule”: ”With the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect. However, because the Department of the Treasury (Treasury) recognizes that reporting companies may need additional time to comply with their BOI reporting obligations, FinCEN is generally extending the deadline 30 calendar days from February 19, 2025, for most companies… For the vast majority of reporting companies, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025. FinCEN will provide an update before then of any further modification of this deadline, recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.” 2) February 27, 2025: “FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines”: “Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed. This announcement continues Treasury’s commitment to reducing regulatory burden on businesses, as well as prioritizing under the Corporate Transparency Act reporting of BOI for those entities that pose the most significant law enforcement and national security risks.”

Whether you are wholesaling real estate in your own backyard (which is what I always recommend a newcomer to this business does, to get their feet wet), or if you are doing it in a market clear across the country from where you live: if you want to dispo the contract, you’re going to have to provide your cash buyers with a comprehensive set of photos and videos of the property as you can. In the spirit of “who not how” (a great book to read, by the way), instead of doing it yourself, you’d have to find someone else who could do it for you. That’s what we call your “boots on the ground”, or “BOTG” for short; it’s a term from the military, referring to the need for direct physical presence of troops, suited-up and booted-up, in a war zone. BOTG get the job done, when you can’t be there to do it yourself. There’s plenty of ways, free and paid, to find your boots on the ground. Here’s my seven favorite ways. 1) Ask your seller to do it for you! It seems so obvious, but you’d be surprised how many people never just ask the seller “hey, would you mind using your cellphone camera to take a couple of photos of the place?” Pro: it’s free Con: most sellers aren’t good photographers and/or are technically challenged, so they will need a lot of handholding to get the number and quality of photos taken just right :) 2) Ask one of your friends or family members in the area to do it for you. Pro: same as #1 above. Con: same as #1 above :) 3) Pay a guy from Craiglist or OfferUp to do it; that’ll cost you around $50. Pro: it’s fairly inexpensive Con: it may be hard to wrangle them, and the quality of the photos may not be the greatest 4) Hire a professional real estate photography service to do it, whether a local company or a nationwide one such as WeGoLook, BPO PhotoFlow, or VeloctyREO. Pro: they have a standard operating procedure for taking the photos, so they won’t need any handholding Con: they may not work in your market, and they will almost always be the most expensive option, but a couple of hundred dollars when you’re going to make double-digit thousands of dollars in your assignment fee makes it worth the expense