The State of Texas is getting more aggressive about unlicensed lending over the last two years.

Go to www.myfloridalicense.com for more information on unlicensed scammers operating illegally.

Most of the times I see issues, it's with an unlicensed PM...If you have specific questions, hit me up with a private message or give me a call.

I am a project manager that works with both licensed and unlicensed contractors.  

I agreee that unlicensed wholesalers are dangerous, but so are licensed brokers.

The pro is that you typically can pay a lot less because you are dealing with shady characters who aren't going pay tax on it possibly/often illegal aliens, unlicensed contractors, skipping inspections, etc.

I'd like to start out by wholesaling because I heard it was the easiest way but I've come to some problems. while reading on here I came across an article talking about how investors have been getting charged penalties for practicing "unlicensed activity".

My hesitation lies in the fact that in reading about starting out with lease options, there is some disagreement whether I, as an "arranger" of these lease/option deals, can actually show that I have equitable interest in the deals, sm I am NOT acting as an unlicensed broker?

Depending on where you are @ this could save anywhere from $500 to $1500 on costs.I basically do the same with the electrician, but because I am an electrician, unlicensed, I can do a lot of the work myself - he gets paid to pull the permit and do the inspection.

I am leaning towards unlicensed contractors for only a couple reason.