All Forum Posts by: Pietro Rondinelli

@Tony S., we have been going through the process of vetting several HMLs in the past few weeks.  Look into Lima One Capitol...they seem to have a fair fee and draw schedule, and they have an office in Charlotte, although they are national

@Craig Smith

Reciprocity does exist between states, but you would have to investigate the state laws of which you are moving to.  For me, I moved from CT to NC, and although there is no overt reciprocity, I am only required to take their State exam part of the state license.  They essentially waive all other requirements (except the fees!) since I already have an established license in CT.  This may be true in your case as well, but make sure to do your homework on the topic.  

@Craig Smith

No problem...if you have any specific questions about that process or what the exam was actually like, just message me and I'll fill you in.  Happy investing!

@Craig Smith

When I decided to head down the real estate investment road, I knew virtually nothing related to the topic. Getting my license provided me a large amount of quality insight into the real estate world (granted, from the salesperson perspective), in a relatively short amount of time that I could build upon. I now have the freedom and flexibility to openly browse MLS listings and gain entry into distressed properties after my day-job without having to depend on someone else or their schedule. This is of course at a cost. To me, what I pay for my license and MLS fees is offset by the convenience these things provide for me. This remains a controversial topic, but in this ever changing and litigious landscape, best to cover all your bases as well as you can. Quality education is a part of that process. Good luck!

Brennen,

Thanks for posting the details on your first flip, very educational! Finding quality contractors definitely seems to be one of the most challenging aspects of this business. Out of curiosity, how did you initially find your "low budget" contractor?   Glad to hear you made some money!

Hey everyone!

Not new to the site, but new to the area so I figured a formal introduction was best. Originally from CT, I'm now living in Charlotte. I have seen first hand the power of BP networking through locally organized BP meetups...truly a great site and positive atmosphere for like-minded folks. Currently structuring for SFH rehabs, I'm looking forward to meeting some local investors and seeing how we can help eachother. Thanks!

-Pietro