And boom you buy a lot for the price of a single lot and with some simple forms to the city you get to re establish the old lots..

At your scale, you would likely need to go full steam ahead and get the required licenses.

Its worth having your brokers license if you want to make money helping other people buy and sell.

For the typical wholesale the steps are really just fine a deal through marketing, have them sign a wholesale contract, have an established buyers list and send it to them, get a buyer to sign an assignment of contract agreement, and when you close you get paid out your fee from the title company.

Tennessee Real Estate Commission: https://www.tn.gov/commerce/regboards/trec/license/get.html

Hi Jay, no luckily you don't need to be licensed in Colorado to wholesale properties, so that part is fine and totally legal as is in many states.

My understanding is that O.J. used asset protection trusts established in Nevada with spendthrift clauses to protect his assets from creditors...   

My professional journey includes stints at Equity Residential, Cushman & Wakefield, and now EquityMultiple, where I help investors navigate the world of real estate syndications.TL;DR: Currently located in NYC, Landlady, licensed real estate agent (MA & NY), property manager, EquityMultiple maven, article-writing enthusiast, and devoted real estate lover.

If the lender is licensed in the state you're buying in, then they can do the loan.

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents