All Forum Posts by: Austin Smither Langley

If you don't think that everyone has some sort of bias, you are mistaken.  If people were talking bad about rental property investors in general and saying you act illegally, you would have a bias there and hopefully the confidence to defend your profession.

Yes, I am a licensed agent and wholesaler like most people in this thread.  I work at New Western and my office sells around 75 deals a month to happy and mostly repeat investors.  Anything wrong with that? 

Thank you for acknowledging that in certain states it is legal to wholesale without a license and that wholesaling in general is not illegal.  Now that we have that cleared up...for the third time...as a very experience broker with years of experience and knowledge would you advise anyone to listen to another broker giving legal tips or advice - whether that be in a forum or in real life?

This thread is not about me, but to answer your question I got my license for MLS access and to broker real estate. In Texas, there are legal ways to wholesale without one but I got mine because I wanted to.

It's honestly sad that you are trying this hard to poke holes in everyone's comments about wholesaling and talk this bad about it despite doing business with wholesalers.  It goes against what this site was built for.

Well, you and James consistently call out wholesalers in general for acting illegally based on US law and acting dishonestly so it seems somewhat justified to respond to make sure accurate information gets out there.

Once again, would you advise anyone to take US legal advice from a broker?  If not, then stop claiming the wholesaling in general is illegal because that's just not true.  You have funded deals that came from wholesalers so it's a bit hypocritical.

Jay can you address what I said instead of trying to defend yourself?  The subject of this thread was not the legality of wholesaling and not real estate brokerage.  It was to give tips to someone interested in wholesaling.

Would you advise to anyone on this site to take legal advice for the entire USA from anyone that is not a lawyer?

Apparently if you are a guest on the podcast like James and Jay you can say whatever you want, whether it be a false/defamatory claims or talking down to others and name calling (against BP rules BTW).  These guys aren't lawyers and they frequent threads about wholesaling to throw false legal claims into the mix and claim that all wholesalers act illegally and dishonestly.  This is not what BiggerPockets is made for and there are rules in place to prevent it.

@Brandon Turner @Joshua Dorkin @Mindy Jensen I know y'all moderate everyone else, but where is the moderation for these podcast guests that are being reported?  These guys get reported, nothing happens, and they continue to try to kill threads, make false/defamatory accusations toward an entire sub market of the industry, and confuse beginners that come to this website for help.

A response to this type of behavior would be helpful instead of ignoring reports on these guys and letting these threads devolve into name calling and confusion.

Jay, you once told me that you viewed wholesaling in all forms as illegal.  Out of curiosity, why do you say it's illegal and generally talk bad about wholesalers if you fund many deals that come from them??  The hypocrisy sends mixed messages and confusion to beginners and BiggerPockets members.

Obviously, wholesaling is not illegal in all forms.  There are legal ways to go about it and it depends on how you do it, in which state, etc. 

It's interesting to see brokers like @Jay Hinrichs and @James Wise boasting about how they are so successful and how they do everything right while talking down to others when someone is just looking for some help.  No one should trust any broker that attempts to give legal advice for any state, much less the entire USA, and talks badly about an entire segment of the industry.

The two people mentioned above are commonly found trolling on threads about wholesaling with the pure intention of talking bad about it as if every wholesaler is acting illegally and dishonestly...so take what they say with that grain of salt.

@Matt Hatton to answer your question I would connect and align with individuals or teams with a track record of success wholesaling properties (if that's what you want to do) and learn the pros and cons of how they do it.  Thousands of people legally wholesale every day in the USA.

@Jacob Turner Where are you finding the property leads from?  How are you filtering them into your analysis?

There are plenty of buy-and-hold investors in the north Houston suburbs generating cash flow and returns, but it can depend and where and what you are looking at.

When trying to post a listing in the marketplace forum, photos do not upload.  It doesn't let you post a listing without a photo, so I cannot post listings right now.  I've tried on two separate computers to ensure it's not my computer messing up.

Can y'all please fix this so people can continue to post listings in the Marketplace?

@Alan Olinger some of my favorite events in Houston include the Super Investor Meeting, REIAction, and the Real Estate Mixer at Armadillo Palace.  Plenty of events around town (some of which can be found on the Events page here on BP).