That makes it clearer for me along with the expanded answer.If you don't mind my asking... do you assign your LO to the Buyer or do you assign the Buyers LO back to the Seller (the technique that Joe McCall uses)?

If not, that's cool, but I'm from Danny's school of thought...If I were an agent, and Joe Schmo came to me and said, "hey can you run a couple comps for me, and if I aquire these houses, I'll list them with you for resale or rent?"

joe, i agree with you. but to a point. and i base it on more than just numbers. but let's start with the numbers.let's say i can eek an extra $150 per month. that's $1800 per year. when it costs me just $500 per month to keep the house empty, i can afford 3 months to find a good tenant.

@Joe, "we have a local bank that will allow you to do 5 loans with them no matter how many loans you have" are you serious?

Real Estate Services do have specific definitions, and usually involve those things required to effect the sale of the property, not just bringing buyer and seller together.If, as a bird dog, you are simply finding a property and bringing it to the attention of someone else, and not involved with negotiations, or "performing real estate services," that are needed to actually transfer property from seller to buyer, there are no laws against that.If I'm wrong, here, I'd love to read the statute that requires a license to say "Hey, Joe Investor, there's a vacant house on 13th Street.

Originally posted by Joe Edwards-Hoff:Im pretty sure I know the answer, but if I did get no for an answer, we'd still be on for the original accepted offer, correct?

I think Kiyosaki books are valuable for getting the average working Joe to see the possibility of making money in other ways.

Joe, are you buying a house to reside in?

Your correct Joe.

Thanks Joe!