Foreclosure laws are under state control.

Until it is in written form it will not hold up in a court of law.

Check your local laws and do not skirt the law always be above board, disclose and keep this business clean!

Most will give you a free introductory session where you ask them about their experience in real estate law, and also take the time to ask questions that have been on your mind and make your decision based on how astute they are and hoq quickly and eaisly they answer your questions.Best of luck!

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Tony, I have read the new lease option laws, and there are possible loopholes.

Does anyone know what the laws are?

What is helpful about getting a license are the classes -- they teach you basics and the law.

Think about a 1031 exchange.A 1031 Exchange is a transaction under United States law which specifies that if an asset (usually some form of real estate such as land or a building) is sold and the proceeds of the sale are then reinvested in an asset of a similar kind (like kind asset), then no capital gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

I always told my in-laws that I did remodeling and we had some property on the side.