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.

Additionally, I would run through some simple math as a discussion to ensure you start to get an idea of what sort of distributions each of you make.

Well this Einstein must have came up short on being employee of the month, because instead of my missing fries there was a burger in the bag.So I pull around to the speaker again (mind you, no one else has gone through the line this whole time except me), and hear the familiar what can I get you to eat yada yada.

The employer is not legally allowed to just give out their employee's salary figures over the phone to some random yahoo (you, as far as they are concerned).

I'd love the opportunity to be able to discuss operations and the business with a couple owners at a sit down, but again, that's a few years in the future.Thanks again to the both of you for the input, it's very much appreciated!

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Originally posted by Jesus Villarreal:BumpJesus -I imagine the reason you're not getting much response is that there are literally hundreds of posts on BP that discuss how wholesalers get their deals done.

These areas have huge commitments to public employee unions, and have borrowed hundreds of millions and some billions, of dollars for improvements etc., they can no longer pay...

That way everything is in place from day 1 of your first rental.I've heard that even if you have an LLC, if the tenant knows your personal name, they can go after you personally regardless of the LLC being the actual "landlord".This has been a huge topic of discussion here on BiggerPockets.

Some of the solutions being discussed like eminent domain to avoid FCs have never been considered before.