If my Father passes before the mortgage is paid off it will be next to impossible to rent it out for the amount we will need to cover mortgage, insurance and taxesHouse has a substantial crack in the foundationMany unfinished projects by unlicensed contractors or family membersWood picket fence and surrounding trees are rotting due to a fungusI'm thinking we should let the house go to our older brother...

If you want to work as an unlicensed broker you need to know 475.

After all, the saying goes there is no honor among unlicensed brokers (or something like that):)

I get them and my favorite ones are from unlicensed Brokers that I reported to the state.

Dave Zarcone the 40k other expenses us your problem as well as the rehab cost. i know you said you want to stand out vs corner cutters but your market doesn’t cater it. the 12% other costs tells me that you’re borrowing money at a high cost when others simply bank roll or cam afford all cash. your 22k diff is simple to solve, take out your financing cost and take lower quality materials mixed with unlicensed tradespeople to do the rehab and there will be your 22k. also check bp calc and adjust the fees to reality ie if they set 6% agent commissions, set it to flat fee listing and what not.

Brian Pulaski That’s a little conservative here, that might be true when i’m paying in cash with unlicensed, but here it is around 400-450, a little more than usual, we have a 80-100% worker’s comp ins premium for roofers, and only one insurance company covers it - the state owned.

Most are unlicensed brokers working as agents without licensing, education, integrity, and oversight.

not that it matters much but if your unlicensed your broker friend is not allowed to pay you a referral fee.. that's a violation.

Or should I just wait until I find the right people to learn from and do everything unlicensed with just straight up investors?

Unrepaired damage or damage that was done by a unlicensed individual could possibly be excluded in future claims, depending on what compnay you insure with.