All Forum Posts by: Eddie Starr

As a summary from here:

You’re a consultant who performs the majority of your work online, with clients in multiple states. In this case, you do *=not*= need to file a foreign qualification. Just because you’re making money from clients in other states doesn’t mean you’re transacting business there, according to the law.

Does your LLC or corporation operate out of any physical presence in the state (i.e. office or retail store)?
Are you frequently conducting in-person meeting with clients in the state (and not just conducting business via email/phone)?
Does a significant portion of your company’s revenue come from the state?
Do any of your employees work in the state? Do you pay state payroll taxes?
Did you apply for a business license in the state?

So, here's a few different scenarios, along with that I can say "No" to each of the above:

1. Let's say I'm looking to do virtual or co-wholesaling, where I find the buyer. Based on the above, I wouldn't need to register as a foreign entity, right?

2. What about if my company sends in money, like for escrow/title, and I earn my fee at closing?

@John Warren

As I said, I'm taking some prep-work (via KW) to get my license. I thought I had made it clear that once I got my license, this was what I was looking at. So, am I correct in understanding that once I've my license, I can do the above?

Hi all! I've decided to go for my agent license, and have been plugging away at my study guide, the guide tests, and a few other resources online. I went through the ethics section the other day, and that got me to thinking about agent referrals. I understand how an agent can refer a buyer/seller to another agent (especially for a client moving to another state). I have two referral scenarios, that I was wondering if an agent can refer to another agent, and if so, can the agent receiving the referral offer  the agent who provided the referral compensation.

If a lender offers referral fees, can an agent refer to another agent the borrower? Then, when the lender gives a referral fee to the agent, if the agent receiving the fee can split it with the agent who referred the borrower?

Second scenario is almost the same as above. The difference is that instead of a lender and borrower, the scenario is a vendor that helps schools, churches, and other NPOs fundraise, and an organization: agent refers NPO to agent who is affiliated with vendor, vendor offers referral fee to agent, agent splits referral fee to agent that referred the nonprofit.

Is there anything--legally or ethically--that would prevent agents from doing these, or can it be done, without any issues?

Thanks!

@Kirbi Campbell I posted on a similar thread, here. I hope it helps

As some have mentioned, the only way I can see a lot of investors considering it is one of two ways. The first being stablecoins.

BUT, I don't see them wanting to use "over collateralize" tokens like DAI or EOSDT, simply because to most people, it won't seem much different from regular crypto.

The ones that people will most consider are USDC, BUSD, and GUSD. Why? Because the big companies associated with them--Coinbase -> USDC, Binance -> BUSD, and Gemini -> GUSD, each pledge a 1:1 exchange between their stablecoin and the USD. I've heard TUSD via Trust are 1:1, but my initial research has been inconclusive.

The other option is to use a 3rd party service, like CoinPayments. They allow you, in their options to receive payments, to autoconvert. This allows you to accept a wide array of crypto, and you can then choose to autoconvert to the stable coin of your choice. They do have an integration with Coin Base, to make USDC the easiest choice, but they do include BUSD, GUSD, and TUSD.

NOTE: Unless you are willing to use another exchange to transfer between USDT (Tether) and others, I would say not to use it. On their site, they won't convert to USD, unless you have several (hundred?) thousand dollars to convert. That means that your only option is to either convert to fiat via P2P (and hope to get a good price), or on a central or decentralized exchange, with similar issues. Better off with one of the above.

The advantages of accepting crypto--either stable, or via auto convert--is that you can receive your money in hours, instead of days/weeks, without worrying about "bankers hours." Want money on the weekend, or holidays? It can be done.

Another thing is the fees. Generally, when you look at fees charged by credit card companies, debit cards, prepays, etc, the fees on crypto (stables) are generally considered lower. Note that I'm not sure how much the Ethereum (where many of the stable coins are based) gas prices (cost of doing the transaction) play. But for that issue, many of the stablecoins have equivlants on Binance Smart Chain, and Polygon.

Lastly, depending on where you look, you can earn an average of 8% APY on your stablecoins (some more, some less). The highest I've ever heard to earn on USD, via some credit unions, is 5%.

It will take some learning, and for a lot of people, it's not something they'll want to deal with. You would have to sit down with each of them, and present a lot of what I just laid out, to begin. But, if you can, I see a lot of possibilities.

They lie, scam, and f people over. They originally used "deal dog," which apparently has morphed into "pin."

They source listing from Craigslist, but they can't distinguish from other wholesalers listing, or even "multifamily" that is +55 only. Some of their listings for properties were listings for Hard Money Lenders!

Their lenders are flat out scams. All of them want money up front, to "process you." Even their forums and groups complain about it, but they don't address it.

And if you work with actual lenders, for a chance to earn a referral fee, as soon as they get even a hint of it, they remove your account, and anything you did, with no refunds. You HAVE TO PAY THEIR "LENDER FEE," but if you're only getting referral fees, you probably don't have enough for their extortion fees.

The "community" isn't even helpful, because every single forum is spammed with people trying to sell their deal, beg for funding, or complain about how much of a scam CI is.

Oh, and when they remove your account, they still spam the hell out of your inbox. Sometimes, they'll stop for a time, but start up again. Then, they want you to "fill out a form" to cancel, which endlessly loops in Mozilla and Chrome. Supposedly, they want to put some cookies to prevent that, but with all the other junk, I wouldn't trust it. Countless sites allow you to simply click "unsubscibe," and it's done. Not these spammer-scammers.

I know that there's a mix between campuses that are open, open/virtual, and/or fully virtual.

What I'm curious about is how this is effecting those who have student housing, especially those who own SFH, and rent the rooms out to college students, or similar.

@Kelly Clark @Jacob Mack, anything ever come of this? I've been thinking of something, with all the covid stuff, but don't know what's happening in CDA/Spokane. May look at MeetUp.com...

Can anyone recommend any flip lenders that allow the flippers to live in the property, while they rehab, and an overview of their requirements?

Looking around at options, and it's overwhelming. Trying to find something that won't break the bank.

I came across peos, which did not seem what I wanted, until I came to just works and onpay. Anyone experienced with them?

I was reading about the different hras, both the Q's and individuals. Do we need to have and provide a medical plan to offer an hra, or can employees get covered on an exchange and we offer the hra as an option? Is there a min - max monthly contribution?

Can one use a short term plan, and get a new one when the old expires in Liu?

Anyone try with their chamber of commerce?

Any trades or other organizations that provide affordable health insurance?