All Forum Posts by: Lee Darzyki

Thanks for your responses!

I will take a look into the California site for realtors. I believe it's CAR or California Association of Realtors.

Is there typically such a site for brokers too, or should I expect to find that information at the realtor site?

Thanks again,
(nervously getting close to closing my first deal)

I'm trying to understand the line here, and obviously, laws vary from state to state, and most people here likely aren't RE attorneys, but,

what can a person do that is known to be illegal?

Not that I'm TRYING to do anything illegal, but actually trying to find out what to watch out for.

For example, I've been told that in double closing, it's important that the seller and buyer don't physically meet or you may be considered a broker and require a licence.

I happen to be talking to an accountant today and he said (I know he's not a lawyer) that for me to do any such transaction, and FSBO also fall in this boat, you are opening yourself to suit if the buyer claims what they've been sold is not per the original agreement, or something similar. He said if your licenced, your covered.

I've already done some reading here, and did a search, but I'm not finding a whole lot that's concrete on this topic.

I've been told that if you want to have it under the table, $250 is about the max.

I just happen to talk to an accountant today and he said for California, it's $600. Above $600 would require documentation.

Take this information with a grain of salt, like any other advice on the internet. I know I plan on confirming the $600 with somebody else.

I've read his 1st book to completion, and have about 4 of his other books at various stages of completion.

I've found, as others here have also relayed, his first book is more motivational and to change your thought.

His other books go into more details, but it's not until you actually pay good money for his seminars do they really get into the small details and step by step of "how". So far, I've payed for and attended his class on Wholesaling. It was excellent.

In the end, you got to execute and be self motivated.

I don't find him to be a scam or the such, but his books and teachings would be repetition for the seasoned investor. They are more for the brand new investor and are taught in such a way to help them get on their feet. I think a seasoned investor would find value in their higher priced seminars for an area of investing that they are weak on. The only thing is that I've found is that the teaching technique is along the lines of "holding your hand", where a seasoned investor may get bored/frustrated more easily.

That's all in my opinion.