If you are hired in a company or made a working partner you may be fine, if you're just paid a commission on your own for a deal you may have problems.Folks wanting to get started in RE need to think down the road as to what they do to establish their reputation with other RE pros in the area, including Realtors and generally they don't look positively on birddogs. :)

@Page Huyette if it costs you $80K and worst case is $110K on re sale, thats $30K net before holding costs and costs to sell (10% of sales price)?

But it depends on what kind of note it is, commercial RE, with or without inventory or business assets, residential, 1st, 2nds, performing, non-performing, slow pays, guarantors of any kind, cash loans or funded with equity based on a sale.Notes are more involved than RE, RE is only part of notes as the collateral.

You don't need them at all to be in RE, don't even want to be associated with them.

I have spoken to one RE lawyer who suggested an LLC with a max of two properties in each one.

Would welcome the opportunity to network if you want to grab a coffee or go to a local RE group.Cheers!

I do know some Board of Realtors (MLS) and some RE companies do require a minimum level of service by licenses agents which is above simply putting the property in the MLS but that's not illegal (not that you would know that when you talk to some agents).

After at least ten different incidents where the "zestimate" was off, the asking price had either been lowered at least a week or more earlier, simple things like square footage were different from the MLS listing, tax assessments were incorrect, and estimated rent was pretty different from real time evaluations by my RE agent, I have finally decided I may be wasting my time...Does anyone on BP actually use Zillow effectively?

Residential Assisted Living (RAL) is taking off NOW.Self-Storage has and continues to grow, a side effect of more people renting multifamily rather than buying homes.Multifamily value-add continues to soar due to demand also by millenials and empty-nesters seeking less work on the house and more flexibility to spend money on travel and exeriences rather than stuff that chains them down. for us RE "investors" it's the ticket to syndication, scalability and leverage.New multifamily buildings with modern concepts with mixed-use living (offices/co-working spaces, fooderies, mixed age and walking distance living with innovative rentable electric scooters, bikes, car chargers, and light rails) all in one beautifully assembled arrangement is what attracts 12000!

For a restaurant the lease should be specific as to drains kept clear, operable toilets, cleaned grease traps, health code issues pertaining to the RE, etc.