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24 September 2024 | 14 replies
This ordeal has shed light on the risks associated with relying solely on fintech apps, particularly those that operate without a banking license and depend on third-party banks for processing.
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23 September 2024 | 4 replies
I am also becoming an agent soon and it is an illegal practice of law to draft a lease agreement as an agent and one could loose their license.
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24 September 2024 | 6 replies
Dealer License: I use my dealer's license to buy the homes and in some cases, I can charge a small markup.2.
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27 September 2024 | 14 replies
If you really don't value your agent's ability and think you can do it better, it's likely best that you 1) interview more to find one that you do trust, 2) go through the listing agent, directly, if you're that comfortable with handling your side on your own, or 3) maybe get your license so you can control your side of negotiations with the proper tools needed (MLS access with agent info, showings, contracts, tax records, uploaded listing docs like surveys, disclosures, broker assistance for questions, etc.).
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24 September 2024 | 4 replies
Wanted to know if anyone would be willing to recommend RE attorney in South Florida from West Palm Beach to Fort Lauderdale who has experience and would be able to assist with:- review and advise on current leases in place- company formations being that also licensed sales associate- review and advise on trusts- advice a preparation of private money lending docs- property management formation best practicesAs always, thanks much in advance to everyone for any light you can shed!
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24 September 2024 | 22 replies
My title company has told me that it is impossible to do a simultaneous closing using only the end-buyers’ money to fund the transaction on a wholesale deal as they say it is considered a “dry closing” and is illegal in the state of Virginia.Someone from the title company also told me that there is a limit on the number of assignment deals that you can do before you are forced to get a real estate license or it is considered brokering without a license.
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25 September 2024 | 4 replies
From the liability/asset protection side always use licensed and insured vendors, build out a robust contract management system, make sure the owner is always listed as additional insured.
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23 September 2024 | 3 replies
Licensed STR can transfer.* Above average ROI. 5.
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24 September 2024 | 2 replies
@Bryan JeffriesThis is definitely a scenario to discuss with your licensed tax advisor.
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23 September 2024 | 4 replies
Lead Free involves more expensive tests and has a higher standard, but you're "one and done" in terms of licensing and registration.