All Forum Posts by: Edwin Duran
Edwin Duran has started 29 posts and replied 62 times.
Post: Is This Legal?!
- Orlando, FL
- Posts 62
- Votes 17
So Ive got some written contracts, Im wondering if i could sell these ?! Is it legal ?
Examples include applications to rent, lease options.. etc
Post: Real Estate Business
- Orlando, FL
- Posts 62
- Votes 17
Originally posted by @Kenndy Mendoza:
@Edwin Duran
Key components of a PM business are leasing & renting and that will require to hold a Sales Associate or Broker's license. . In the state of FL., a manager can lease a property for less than one year WITHOUT a RE License, as long as it is using the lease contract approved by the district court and is not receiving a commission. You can always add a broker to your team, if you do not have a license. This will add a sense of security to your operations, and voiding the potential of being involved in illegal activity without even knowing.
Before you do anything, do your homework, checking your state requirements to save you trouble.
Kenndy Mendoza
Komerci Group Property Management
Thanks for the information, definitely helpful. What is the process like to get your brokers license? I've read so many different things as to how to go about it and like clarification.
Post: Real Estate Business
- Orlando, FL
- Posts 62
- Votes 17
Hello BP'rs
Do you have to own a professional real estate broker license to start a property management business? What are the requirements?
Post: Cat Litter House: Flip # 653 and it could be the worst one yet. Look at the pics and you decide.
- Orlando, FL
- Posts 62
- Votes 17
WOW awesome job! Truly an inspiration
Post: Just closed on #12 rental
- Orlando, FL
- Posts 62
- Votes 17
Congrats!
Post: Fannie Mae Properties
- Orlando, FL
- Posts 62
- Votes 17
Ive been doing some research on Fannie Mae properties, as a potential first purchase. Wondering if anyone can speak on their experience with these properties. I would be using it as my primary residence.
Post: July 15, 2014 NYC Meetup in Manhattan with BP author & Legend J Scott!
- Orlando, FL
- Posts 62
- Votes 17
I will be there
Post: Robert G. Allen No Money Down !?! Is It Possible ?!
- Orlando, FL
- Posts 62
- Votes 17
Originally posted by @Ben Leybovich:
HA! The power of leverage has helped you immensely! I guess that even if the super rich use other people's money, we should do the same? Pending that we know what we are actually doing.
Post: Robert G. Allen No Money Down !?! Is It Possible ?!
- Orlando, FL
- Posts 62
- Votes 17
Originally posted by @Dell Schlabach:
Our office complex was also funded with none of my own money, my current personal residence .....etc etc
While there may not be a lot of sellers willing to do no money down deals, there is a lot of private money looking for a good return.
Im pretty sure it can be nerve wrecking at first to use private money because of things possibly steering the wrong way. However, if you don't mind sharing did you start using private money from the beginning? Or did you use your own until you built some sort of track record so that these private lenders could trust you with their capital?
Post: Robert G. Allen No Money Down !?! Is It Possible ?!
- Orlando, FL
- Posts 62
- Votes 17
Originally posted by @Michael Lemieux:
Woahh, lots going on there.. Would you mind telling me more about that deal ?