We are dealing with three aspects; legal, ethical, moral.So, as each situation is somewhat different, the answers may also differ.What makes legal enforcement so difficult is (1) intent is difficult to prove and (2) violations of licensing laws are usually not a high priority crime.BUT, even if one is a licensed real estate broker, is making an offer on a property to purchase, with no intent to purchase, illegal?

Since you’re not investing any money, you’ve got no skin in the game so if things go sour, you can walk away leaving him holding the bag.

I have 4 properties that I have successfully completed and have a lot of skin in the game to start the business.

I mean talk about no skin in the game. it was accepted practice here.. but that went away about a decade ago.. and you still get folks trying to give you 1k on a 500k deal LOL 

If they have not assets ( people don't care about a counter-lawsuits if they don't have any skin on the game), any attorney can pick up the case and claim you damaged their property, go for moving expenses, etc. 

At that point they don't have skin in the game, and are more willing to leave without a fight. 

Maybe the seller is looking to get rid of it because he's had difficulty managing it and getting paid. 

Thinking if I went full-time my goal for year 2 would be 100k.Would appreciate any advice on how that stacks up to commercial financially and difficulty of transition and placement especially in the Philly Area.

In the absence of licensing requirements, the occupation is popular with tradesmen who may have difficulty finding gainful employment due to a criminal record and/or drug addiction.Liz hails from Laconia that is only a few miles from Gilford.

Borrower must have adequate skin in the game, decent credit, and ability to repay the loan.