It’s not the actual assignment of a contract that is a violation of licensing laws, but the marketing of a Property (once you starting posting pictures, details, specs, etc)  in a wholesale situation that runs you afoul of the law in some states.

The Builder I heard recently, said that for more than two years he is not building Spec Homes and is keeping his crews busy building these huge Apartment blocks that are going up all over town.

Closing on my first spec house the end of January and I'm looking at purchasing a 6 unit rental with proceeds.

Anyways the specs of this one are:$68,000Rent: $8001945Studio 1 bath

My main real estate business is building spec homes, now.  

Some of the specs: Two family, Boston style.  1 bedroom downstairs rented at $800/month and upstairs with a 2/3 bedrooms rented at $915 (under-rented as the tenants have been there 6+ years and my rent hikes have been slow in coming).

"  $300,000 HouseLoaned:  $385,000Downpayment: $15,0006% of $300,000 =  $18,000Those are the specs I can pull out from this statement.  

Some how, after that, I stumbled onto Josh and Brandon discussing building a spec houses with Jon Klaus.

We do this by stating it in the rental agreement.We use smoke alarms that have 10yr lithium batteries and also use the smoke/CO combo alarms that have lithium batteries.

Instead they put in a huge battery bank, built a full exhaust system through the attic and roof and put a hydroponic marijuana farm into business.