As a wholesaler, they are not an “owner of real estate” per se under the licensing statute, but they do own an interest in real estate by way of the purchase agreement which the wholesaler offers for sale or assignment.If we read the licensing rule in conjunction with the definition of “real estate broker” under Michigan’s occupational code, we find a very broad definition capturing any individual or entity that:…who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.One frequent and notable misconception is that if a person only conducts the sale of real estate on their own behalf, as most wholesalers do, they are exempt from licensing.

@Lei Zhao I would start with where you have lived, frequented, have family or are familiar with to a degree.

Its a frequent topic of discussion.

As a frequent poster on this site, I have read a lot of your posts and found them very informative and look forward to reading more.Michael Lauther Due to the high initial costs of property in this area, I'm thinking long distance investing might be something I will have to do.

Advisors Recommend Holding the Property for 12 Months or More Tax advisors frequently recommend that you hold the subject property for at least one (1) year to prove your intent to hold the property for investment.

It's only about 10 minutes from where I currently live but not the same neighborhood and not an area I frequent.  

There is ProBuild on 19, they frequently have what appears to be discount doors and windows outside.http://www.probuild.comI want to find out about this wholesaler too.

However, I do make frequent trips back when there is any sort of business to tend to.

I am for limited government and think that government is the source of most of the major problems that rear their ugly heads frequently.

We frequently refer to the dormers as dog houses when we put one into a bathroom we put in what they refer to as a full dormer as this give you a good size bathroom and eliminates the cramped feeling.