Ethical/legal possibilities as a licensed agent/investor....

[Dan P.]

Hello all! This is my first post (sorry it’s a long one), but this is certainly not my first time visiting BP or the many great blogs of members of BP! I’ve been doing much research into the position of being a licensed agent/investor for a long-term career strategy. I want start by saying THANKS to BP, Josh, all the contributing members for sharing their knowledge through posts, blogs and books like the one I’m currently reading, “The Book on Flipping Houses” by J. Scott.

A little about me: For years I have seriously considered becoming a licensed agent and I may begin courses to become licensed in the coming weeks. I want to have the ability to utilize my potential agent license and (growing) knowledge in rehabbing to build a sustainable business with streams of revenue from multiple sources. This is a career change that I’m considering after many years in IT industry. I would stay with my current job to help bootstrap my new career endeavors.

While scouring the BP forums I have learned a lot on the benefits/drawbacks of being a licensed agent while also investing in real-estate. I’ve also seen where many posts have deep-dived into the nitty-gritty details of the ethical/legal concerns, which has led me to create a fuzzy picture of the possibilities as a licensed agent/investor.

For the sake of myself and others newbie's that my visit BP, I'm hoping to understand what situations could I generate revenue as licensed agent/investor in an ethical/legal manner, I.E. birddogging, wholesaling, rehabbing, etc.. I understand that the options are almost limitless to non-licensed investor, but I'm concerned with a licensed agent/investor situation in regarding to REI options. I'm also very curious what would be considered a "gray area" for generating revenue and what would be considered "unethical/illegal."

I know this has been discussed all over the forums and the books I have read, but I couldn’t find a post where it was all condensed at a high level AND relative to today’s markets. If this has already been shared, please provide a link?

Caps were added for clarity – not yelling ;)
- WHAT ARE ETHICAL/LEGAL INVESTING OPTIONS FOR A LICENSED AGENT/INVESTOR?

- WHAT IS CONSIDERED "GRAY AREA" FOR SOMEONE ACTING IN THE CAPACITY OF AN AGENT/INVESTOR?

- WHAT SHOULD SOMEONE IN THE CAPACITY OF A LICENSED AGENT/INVESTOR NOT CONSIDER AS A REVENUE METHOD B/C THEY ARE UNETHICAL/ILLEGAL METHODS?

My apologies if this all seems fundamental, but it may assist in providing me clarity into the facets of revenue that are possible as an agent/investor.

Best regards,
dp