All Forum Posts by: Graham K.

Considering that your success rate goes up with every touch, seems a shame to stop your marketing machine now and lose the momentum. Can't you work on your license concurrently? I'm considering the on demand course from Kaplan. 135 hours but you can work on it whenever you want.

I would avoid paying anything towards the seller's loan until the deal is closed. Just close before the trustee sale and then pay the arrears.

I'm also very interested to know how things are progressing for you. Also, you may have answered this already but are you only mailing to absentee?

I thought this was BiggerPockets not BiggerDriveways.

Then how can this clause exist: "subject to seller obtaining title"? Doesn't that suggest that someone can be the seller before they have title?

Dunno, you seems pretty smart to me. Yes, I close and get on title (pay cash, hard money, sub2, owner finance) becoming the new owner. Then I sell via my agent.

What I am wondering is, in your opinion, assuming the seller and owner can in fact be two different people (a separate issue we are also discussing) and I as seller authorize the listing before obtain title (remember we're just assuming that part for this question), do you think I need a license to start marketing the property on the MLS using an agent, before I close.

I understand. There are two different issues here. The issue you are referring to is: can the seller be a different person from the owner, and if so, can that seller authorize the listing? I am also very interested in having this confirmed.

The other issue I am interested in is: assuming the above is in fact allowed, do you think, in your opinion, I need a license to get a property under contract if I am going to use a licensed agent to list it for me?

I say that after reading these discussions I am going to get my license. And I'm excited about it.

But my second question remains. Let's assume that Michael Quarles' strategy (of getting a purchase agreement that makes him the "seller" before he becomes the "owner" and then marketing it on the MLS before it closes) is legit in his region. Do you think I need a license if I get the property under the same contract (making me the legally defined seller) and then hire an agent to list the property for me?

Thanks to everyone who's contributed to this thread so far. As someone who is planning mostly to wholetail and only assign when I am otherwise unable to take ownership, I am now strongly considering getting my license. Couple questions for you:

You talk about acting as a broker, but does that mean I need my broker license or will an agent license give me the authority to assign contracts?

I closely follow @Michael Quarles ideas on wholetailing and he says that once his purchase agreement is signed, he becomes the seller and can authorize the insertion of the property into the MLS, even before he closes on the purchase. He counters all offers with "subject to seller obtaining title." Basically, the property is being marketed while it is still under contract. But I would be using an agent to put it on the MLS. So question is, do you think I need a license for these kind of transactions?

I certainly wasn't implying that everyone in West Oakland is a criminal or degenerate. Of course there are good people and smart investors there. I believe West Oakland is a great place to hold an investment. You just won't catch me riding a bike around the streets because I know better. Scoping it out in a car would be much more sensible. Source: lived in Oakland over 30 years.

http://abc7news.com/news/cyclist-hit-in-west-oakland-robbed-while-unconscious/474341/

If you make it to Emeryville without getting robbed, then I'll say well done. I lived right between West Oakland Bart and Emeryville for 2 years. Housemates were robbed, neighbor went to jail for murder, and everyday crack deals across the street were the norm. I emerged unscathed.

Get off at Ashby Bart if you want to bike to Emeryville.