While wholesalers ignore and seek loopholes in acting in the capacity of a licensed real estate agent, mortgage broker laws are federal and being in between the lender and borrower is much more strict than state agency requirements.

Yes, I'm aware of that, I'm really a nice guy, or can be, it's pretty much the frustration with people not investigating anything for themselves, neither of you guys, but there are those that will post a question that is still being answered in active forms, just a few hours apart and they ask the same da__ question!

Club In Action has a monthly meeting in Burbank, Sam Sadat has Sam's RE Club in Culver City, there are a few other good ones (and a few bad ones, too).You can also connect with BP members on here who flip houses.

Had my license on inactive for the past two years and just decided to turn it on.  

if there are any underground tanks, active or inactive, that can give you problems in getting coverage.  

However, that amount of cash scares me into inaction.

I have not enlisted with a broker so technically I am in inactive status according to TREC.  

That will allow you to know how much you can spend.3) Even if you plan on being a wholesaler and not actually a Real Estate Investor, you'll need some money to put your plan in action. 

I move to Portland, OR about three years ago...Tom - I don’t actively do tax prep for people and am holding my cpa license inactive.

Now I don't use 'em and they expire after 2 yrs of inactivity. $130k of available credit lines evaporating and I couldn't be more at peace.