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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Igor Kalem
  • Rental Property Investor
  • Panama City Beach, FL
3
Votes |
12
Posts

Doing personal off market deals with a real estate license?

Igor Kalem
  • Rental Property Investor
  • Panama City Beach, FL
Posted

Well here is my predicament... 

I've bought everything I have off of the MLS so far, and a couple years ago I got my license to help myself find MLS deals and whatnot in my local area. Thought I really had it figured out, until now it seems like there are almost no good cash flowing deals in my area off the MLS.

So I have since switched strategies and am getting into cash buying off market deals, either through wholesalers or my through own marketing efforts.  Well talking to my broker she is a little lost to what I am trying to do and does not have much answers for me of how I can go about doing this and what the brokers involvement in all of this is going to be... And the little bit of information I could find about this on bp and the internet it seems I've really put myself at a disadvantage having a license and trying to target these off market deals.  I know I will have to disclose I am a licensed salesperson, it seems I will be held to a hire standard that the typical investor, and am probably more likely to get sued if people are displeased.

Just wondering if anyone has had much experience with this? I am thinking to myself if at this moment I do not plan on doing MLS deals anymore maybe its time to give up the license and save myself the 1 to 2k a year it costs to hold a license? I just don't want to get myself in a bind... Thanks in advance for any input! :)

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