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All Forum Posts by: Mike Thompson

Mike Thompson has started 13 posts and replied 20 times.

Post: BRE is telling me that Wholesaling is Illegal in California, is it true. Help?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Would it help me if i got my real estate license 

Post: BRE is telling me that Wholesaling is Illegal in California, is it true. Help?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Just contacted the BRE of real estate here in california and they told me that Wholesaling is illegal because it is considered brokering without a license since i  had no intent of purchasing the property and am assigning a contract over to a new investor . Can anyone help me out? I thought it was legal 

Post: Anyone know what would go in the last three blanks?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Thank you so much Wayne

Post: Anyone know what would go in the last three blanks?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Can anyone tell me what goes on the last three lines in this agreement

"Bird Dog Agreement

This Agreement is made effective as of ____________, 20__, by and between ____________________________(“hereinafter “Buyer” or “Seller” [circle one]), of______________________________________, and__________________________, of______________________________________." 

Post: Wholesale and title companies

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Thanks guys, really needed this

Post: Bird Dog agreement question?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Can anyone tell me what goes on the last three lines in this agreement 

"Bird Dog Agreement

This Agreement is made effective as of ____________, 20__, by and between ____________________________(“hereinafter “Buyer” or “Seller” [circle one]), of______________________________________, and__________________________, of______________________________________." 

Post: Wholesale and title companies

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

Thanks

Post: Wholesale and title companies

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

So on Tuesday I may have my first house under contract to wholesale. My question is do i take the contract to a title company right away or do i wait once i assign over the contract? Im located in California  

Post: I have a potential wholesale, what now?

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

So after several weeks of tedious work, i finally have someone that wants to sell their house in the LA area of california.  I have my purchase contract and within it i have everything i need and made sure to make it assignable. But now what, once the seller signs the contract do i go to a title company or do i wait and give it to a title company once i  i assign it to the  new buyer.  Thanks

Post: Bird Dogs can I pay them if I'm a real estate agent in California

Mike ThompsonPosted
  • Professional
  • Simi Valley, CA
  • Posts 20
  • Votes 1

I am an investor in california and currently just got my real estate license. I was wondering if it was illegal to pay my bird dogs in referrals if they are unlicensed? Thanks