All Forum Posts by: Dalton Cole Bodine

Just purchased my first investment property (SFH) for $10k. The property is distressed, and I'm estimating it will need about $50k in repairs with an ARV of $130k. I'm looking to turn this into my first rental. What are my best options for funding the rehab? Paid for the home in cash and could cash flow the rehab but don't want to tie up all my cash as we are also looking for a new personal residence at the moment. Not opposed to a HELOC (have access to appx. $150k). Any and all advice is much appreciated!

Hi all, I’ve read through several posts but keep seeing conflicting answers on this. Was hoping to get some clarification- to start, I AM NOT a licensed real estate agent in Alabama. I am however connected with several investors who frequently ask if I know of any properties for sale. I have an out-of-state landowner who is wanting to sell a large parcel and has asked me to help market the property for them (put sign up, handle phone screens, show people the land) instead of listing it with an agent. Is it legal for me to: 

#1 market the property for them through my sole proprietorship?
#2 collect a fee for my services of connecting seller to buyer?

I’m not sure if this qualifies as “brokering” since I’m not handling anything on the legal side. Any help is greatly appreciated!