If you cannot unlicensed broker the deal you will own an investment property.

If you were unlicensed when she brought the property to you, she is likely due the buyers side commission under procuring cause.

A fundamental component of being a successful real estate wholesaler is understanding the laws governing the conduct of real estate agents and the laws that govern your conduct as an unlicensed individual.Do your homework.

Maybe your state does not.I know in my state in Oregon you MUST be a licensed foreclosure consultant to deal with folks in foreclosure.. now you can simply make an all cash offer to buy.. but any other type of transaction is not allowed and ESPECIALLY rent backs totally illegal.. but again state specific so that's why we have to be careful talk about these things just like wholesaling in general IE marketing a property you don't own see below a snippet of a conversation I had with a state of Oregon financial investigator for the department of real estate"The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

Doing unlicensed work will cost you more money when you have to have everything redone.

.- Check Valves are a good thing- Don't hire cheap, unlicensed contractors- When you hire help, lock up your tools/supplies- Security cameras and alarm systems are probably a good idea- Micromanage your contractors.

[Ok, I don't live in OH, either].For your own home, why not do so as an unlicensed searcher for Sellers?

In Maryland there are some laws protecting those homeowners from unlicensed individuals.I just listened to a great BP podcast that will give you some advice on new wholesaling.

Like our state of Oregon they will only move on unlicensed activity when a complaint comes in.. but once one does come in its katy bar the door your in major trouble.

The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.