My dad and I got caught by that snag on our third flip years ago, and we definitely kicke ourselves for not doing a little extra research up front.

Learning from those who had already paved the way, I earned my real estate and mortgage broker licenses, equipping myself with the tools to dive into the market.But knowledge alone wasn’t enough—I needed mentorship.

Go where the population is growing 5-10% per year (even though it is a small denominator) over chasing year 1 cash flow in a stagnant/declining market.

., for example, is said to be earning the company $14,400 a year in rent — even though it has no rental license and its most recent license was as a vacant property.Read moreALEJANDRO A.

But they would need to be licensed in NY . 

I’m currently working towards getting my real estate license with a focus on helping investors buy 2-3 properties a month.

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

Wholesalers are USUALLY not licensed (some are, and I am not speaking to them). 

I'm trying to keep it simple this year and concentrating on my "one thing" making good old Garry proud.  

He also lost his licenses in Arizona.