@Mateusz Prawdzik as a wholesaler I'd be looking for motivated sellers usually distressed properties or they are in a distressed situation and they need to unload the house fast. I would then find out how much the seller needs in order to be happy and move on from the property. If this number gives me a big enough spread between what I feel it is worth I can then put it under contract and assign the contract or do a double closing with a buyer, usually the buyer being an investor for fix & flips or an investor for rentals. I would like to focus more on opportunities that I would be able to do a double close.
@John Thedford I see your points & have read many of your replies on this subject. I will be contacting lawyers this week to get a definite answer but in my opinion I would not be acting as a broker. I don't want to represent A seller or A buyer as a broker would. I want to represent my self & my interest in a property. As a broker from my understanding you are providing the service of transaction & marketing for a seller or a buyer, not actually purchasing the house and reselling it. I've studied real estate rules and regulations and from what I gathered ( though I'm still learning) it seems to me as a realtor you'd be acting against the code of ethics by buying a property at a discounted price & then turning around and selling it for more because that is not in your seller's best interest as realtor? I do agree that advertising or marketing the property that you don't own goes against chapter 475 but I have yet to find if the Equitable interest by signing the contract gives you the right to advertise as if you are the owner which I will clear up with the lawyers.
