Newbie question - related to Florida!

7 Replies

Hi All,

So happy to join this community.  As a newbie I wanted to start by doing simple wholesale deals.  I wanted to make business cards and put Bird Dog Referral fee information on the back of it.  How can I do that without breaking any laws in Florida?  (it seems offering a referral fee is illegal in Florida).  Thanks for your help.

My suggestion would be to get your real estate license. In Florida, it is illegal to pay referral fees (i.e. bird dog fees) to anyone who is unlicensed. It is also illegal to advertise these services.

Of course, this goes out the window if you have an equitable interest in the property (i.e. a signed contract). That makes you a party to the transaction.

In summary, either get your license if you want referral fees or do traditional wholesale deals.

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@Dawn Rawlins 

Welcome. Fill in the foundation below as a starting point.

Check out the Start Here page

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

Good Luck


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