All Forum Posts by: Abednego Kashindi

Good morning, I am a realtor in Ohio and I am looking to start my flipping journey in the coming year 2024. I have been a realtor for a year now. My question is, as a licensed agent can I buy a wholesale deal without facing a legal issue? I know I disclose the realtor but besides that is there anything else I should be aware of? Thank you for the replay in advance.

I'm a licensed real estate agent who used to flip properties, and now I own a wholesaling company. Since you are acting as a principal in your company, you would only need to disclose that you are an agent. You don't have to pay any commission to your broker because you are buying it with your company, and you are unrepresented. When you are selling, if you are the listing agent, you will have to go through your broker and comply with all the necessary paperwork.

I received advice from a real estate attorney in my state, so I would highly recommend discussing this matter with one in your state.

Appreciate your advice

1 Vote

Akron, Ohio

Quote from @Eliott Elias:

I can not speak for your state, but this is some thing I would bring up to your broker.

Thank you

0 Votes

Akron, Ohio

Quote from @Remington Lyman:

Quote from @Abednego Kashindi:

Quote from @Remington Lyman:

Quote from @Abednego Kashindi:

Wholesalers without licenses can lose in litigation. It is easier to litigate against you now that you have a license.

SO what you think is the smart way to go about this?

Get your license

License in what?

0 Votes

Akron, Ohio

Quote from @Remington Lyman:

Quote from @Abednego Kashindi:

Wholesalers without licenses can lose in litigation. It is easier to litigate against you now that you have a license.

SO what you think is the smart way to go about this?

1 Vote

Akron, Ohio

1 Vote

Akron, Ohio

Hello, everyone! I've got a question for you. In June, I purchased a house, and we closed the deal in July using a conventional loan. Since then, I've been hard at work fixing it up, and our goal is to complete the rehab by mid-September. Now, my plan is to go for a cash-out refinance with this mortgage. I've been talking to a few folks about it, and opinions vary. Some say it's not possible, while others suggest that credit unions might be able to help with a cash-out refinance without worrying about a seasoning period. Does anyone here have any insights on this? Thanks in advance!. For the numbers, I bought it for $80k and the ARV around the area is $155K

0 Votes

Akron, Ohio

All Forum Posts by: Abednego Kashindi

Abednego Kashindi has started 3 posts and replied 7 times.

Post: Looking to Connect with Wholesalers

Post: Wholesaling As a Realtor

Post: Wholesaling As a Realtor

Post: Wholesaling As a Realtor

Post: Wholesaling As a Realtor

Post: Wholesaling As a Realtor

Post: Conventional loan Refinance