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Updated over 8 years ago,

User Stats

34
Posts
58
Votes
Monika Smith
  • Specialist
  • Tucson, AZ
58
Votes |
34
Posts

Becoming A RE agent, and Joint Ventures

Monika Smith
  • Specialist
  • Tucson, AZ
Posted

In need of a few opinions: I am taking my RE Exam for licensing this week. I have an LLC, which I use for wholesaling, and I also purchase tax liens under the LLC as well. Since it's so close to receiving my license, I received 3 JV's within the last 2 days. I figured it would be safe to just Joint Venture, instead of the complete wholesale process myself. I know there is a fine line between being an agent and wholesaling. Even my spirit tells me to not continue with wholesaling! So wholesaling is out, becoming an agent is a thumbs up for me, but i'd still like to JV while being an agent. I just feel like since i've got my own cash buyer list, and i'm not doing any of the work, it's ok to just cash the check. Thoughts?

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