All Forum Posts by: James Hiddle

If you are marketing the house whether or not you're under contract without a license is against the law as you are brokering without a license. You can't advertise or sell something you don't own.

So the traditional way to wholesale(find a discounted property,get it under contract and market it to a cash buyer)is starting to get the attention of state regulators especially in California,Ohio and Florida and fines and jail time are being issued to those who are marketing/selling properties they don't own without a license.

So unless you can find a way to market your contact without marketing the property itself which isn't against the law you'll need to either get your RE license or find another REI strategy.

Where in my post Steve was I criticizing anything? All I said to Bill that the thread was over 6 years old and the info was older than the 3-4 years he mentioned that's all. My intention wasn't to criticize at all and if anyone thought that than I apologize.

Dangit guys wish I saw this thread earlier. I sent good ol Zinny my bank account # and a check for $50,000. Thought I was going to win the Nigerian National Lottery!!!

:)-

The thread was started over 6 years ago so the info is more than 3-4 years old.

Talk about time warp lol :)-

You can't market what you don't own. Unless you have permission from the seller or a POA through them you can't market the property for sell. You must disclose that your assigning the contract and with 3 wholesellers already involved the deal is going to be trashed by the time it gets to the end buyer.

I bet you a steak dinner that either he doesn't ever post here again or posts maybe a couple more posts before he leaves.

Websites
Yellow Letters
Door Hangers
Business Cards
Flyers

Meh I prefer a Winchester :)-

A link for you:

http://www.biggerpockets.com/forums/79/topics/63522-cris-chico-course

I'm with the 50/50 split crowd myself.