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14 October 2015 | 14 replies
@Curt SmithI'll make a really broad statement, if you do want to do one or two sandwich lease option deals a year it's not a big deal as far as being licensed, this is only my opinion but I think most "departments of real estate" could care less of 1 or 2 dealsThe big point I'm trying to make is if you want to do 50 to 100 of these deals a year, there's no way around not being licensed in most states because you're acting as a major business operation, there is a pattern of similar business activityAnd I've said this over and over, all it takes is for you to get a negative reputation at the department of real estate in your state which will stain your reputation from being licensed in the future; all it takes is one real estate broker to write a letter to the commission and now you've got headachesIt's prudent just to get licensed and build a business you can be proud ofA sidenote: I think a lot of people on BiggerPockets think that if you are licensed it stops you from doing creative deals, that's not true at all.Regarding sandwich lease options on nice houses in nice areas, Dodd Frank excludes your relationship with the owner as an investor, if your subleasing and sub optioningI think there's a great opportunity for you getting rent credits and doing creative contracts with your owner as an investor with sandwich lease options, but don't be broke and not have some reserves like 3 to 6 months in case the tenant buyer doesn't pay you when you sub option and subleaseAnother issue is be careful of who you let into the house and make sure the tenant buyers work on their credit and save money for down payment and they truly want to be homeowners.
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13 October 2015 | 2 replies
That's a very broad question but there's some things that may be helpful to consider.
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17 March 2015 | 13 replies
I really liked this old broad and that is often what I would call her and she would chuckle.
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27 March 2015 | 14 replies
I’m joining BP because after listening to a majority of the podcasts and reading a few of the books recommended by the guests on the podcasts, I realized I’m missing out on surrounding myself with individuals in the real estate community and the wide array of knowledge BP provides.
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24 March 2015 | 12 replies
My area is rather broad meaning anywhere from Philadelphia County to the Lehigh Valley.
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4 April 2015 | 2 replies
There are so many other things depending on the type of property and the specific details of your deal, but those are broad strokes.
27 March 2015 | 2 replies
is my criteria too broad or is it fine?
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28 March 2015 | 11 replies
OK, this might be very broad, but I'm putting together my list of what I want to invest in so my broker can start looking.
29 March 2015 | 1 reply
@Rudolph Kennerthat's a really broad & general statement with no context around what sort of problem you're having.