Updated about 8 years ago on . Most recent reply
Being a Broker vs. a Flipper
Have you asked yourself “Should I become a real estate broker or a real estate flipper or both?”
People ask me all the time why I’m not a realestate broker. The answer is simple.
Brokers are required to disclose any and all information they know about the property. “ANY AND ALL”
When flipping a property, you will learn things about the property that will need to be fixed. As a broker you are required to disclose any and all information you know about the property. This creates many issues and it also opens you up personally to a lawsuit.
Can you do both? Yes.
Does it create issues? Possibly. In NC you are required by law to disclose ANY AND ALL information you know about the property.
My advice is very simple. Become an EXPERT at one thing and DOMINATE IT! OWN IT!