Do I need a official office or can I just run it out of my home?

Note: They operate through a blind bid system you can place bids through authorized real estate brokers and agents.

Also, would I just open escrow with the EMD to make it "official" like any other purchase agreement?

Project update for our 2-family flip in Southington, ConnecticutThis property will be officially listed for sale here on BP and on the local MLS this upcoming Tuesday or Wednesday at the absolute latest.If you are interested in a sneak peak of a pro forma and a complete list of upgrades made to the property please feel free to reach out for details.  

Hello BP,I'm currently listening to Podcast 108, in which Grant Cardone, Best-Selling Author of the 10X Rule, is being interviewed.

There is always the possibility that the property can be seized by the authorities and will be auctioned off by them because of the drug connection.

Sometimes it takes years to go through probate and you need to be in front of them when they finally get the authorization from the court to sell.

William there are two ways you can help this seller using leases and optionsYou have to ask yourself whether not the property is going to appreciate overtimeIf you feel it's not going to appreciate, you need to get a price below the market today on your option with the seller,  if you going to do a sandwich lease option and stay in the middleIf you going to do a lease option assignment where you lease with an option from the seller and assign thevdeal to a buyer for fee, it  doesn't matter what the price is as long as the price is today's value or lessWhen I talk to sellers I don't talk about lease is an option, I first go through three columns landscape in a yellow legal pad,  and show them the basics of the choices: 1) sell with an agent and pay the customary costs include sellers concessions, agents commissions, closing costs, vacant house holding costs, etc.The first column it's important to go through an example of their house value; what ever  the fair market value is, do that exercise so that the seller truly understands he's going to net a lot less money selling agent than ur solution2) Second solution entails leasing out with the property manager, and you go through the cost to lease it out and also the cost to repair and sometimes property managers tack on other costs like padding maintenance costsThen I talk about the risks involved with leasing it to an unproven tenant, and then having to evict the tenant, lost rent for 6 to 8 weeks, clean the house, remarket and screen the new tenant, etc.Before I go through my solution, I say a "what if statement" that is something like this:Before I say the "what if statement" it's important you understand that I am using "negative phrasing" here, and ""appeal to a higher authority" which works a lot in terms deals like lease options, sub 2, and wrap purchasesHere goes.."

You should be able to check with your local building dept. or permitting authority for the specific zoning regulations.

For construction work, you need a license (probably) or to be on title, leasing interests or options don't give you the authority to build, rehab or encumber the property with material and labor liens.