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7 June 2012 | 4 replies
Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.
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5 June 2012 | 2 replies
Curious if this property was listed and if so who is the servicing company or the company the REO agent reports directly to.As a tactic: 1.
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14 March 2014 | 6 replies
If that happens, I want to be able to enjoy not having a j-o-b in the sense that I report in at a certain time every day to a boss who may or may not like me or my work.
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10 July 2012 | 0 replies
BiggerPockets has grown to become one of the most respected online real estate destinations for quality news, discussion, networking, commentary, how-to's, and much more.
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31 July 2012 | 18 replies
Already surprised as it was supposed to be no income verification, no credit report, no appraisal, no qualifications other than 12 months of on-time mortgage payments on the property and verification of funds to pay prepaids as not allowed to include in loan balance.
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12 August 2012 | 19 replies
It definitely bad news for the private sector to know that the government may, in essence, nullify contracts that were made as a part of normal business, but then again, it's the private sector that is offering to loan funds to the government to pay fair market value to the homeowner, so they get at least a small piece of the pie.
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12 July 2012 | 11 replies
The Wall Street Journal reported today that, “the housing market has turned – at last.”
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20 July 2012 | 6 replies
There was a notice on the garage door and the front door stating something to the effect of "this house has been deemed to be empty and reported."