All Forum Posts by: Corey Reyment

Hi Tris! This is Corey, Carrie and I share a pro account. We would love to connect with you. Hit us up and lets chat! 

Hi, I am a licensed realtor but do not actively list properties or work with retail buyers. My husband is a licensed mortgage loan originator. Can he advertise and promote referral bonuses or finders fee's for distressed properties? Would I be able to do that as well or are their rules or laws if either of us are licensed in the mortgage world or the realtor world? 

Hi Derek! Shoot me a message and we can connect. Are you looking to wholesale in GB?

Thanks @Jay Hinrichs! Yea that was kind of the way we viewed it, simply advertising for the friend. I don't anticipate this being something I really want to do much anyway (advertising other peoples properties) simply because I could focus that same time on finding my own deals, investors, or buyers for my own properties but I want to make sure we are always doing things the right way and was not sure on this particular case that came up. 

Thank you guys so much! Yea, we were just trying to help a friend because we have a solid following on Facebook. Our thought process was that if we don't actively participate in the contract part of it, that we would be more looked at as a marketer or advertiser rather than actually selling the property for him. He would do all the negotiation, contracts, etc. we would simply try to generate some interested buyer leads for him. So from what everyone seems to be saying, even generating interested buyers for someone else is not legal unless you are licensed? 

We do some flips and wholesale's and so far have had a lot of success just posting on Facebook and in Facebook groups. We were recently approached by another investor friend who is not big on his following with Facebook and asked if we would try to sell his property for him. 

He would pay us a commission if we could bring him a buyer. We are posting it and taking people through it right now but we will not be involved in any of the purchase agreements or negotiations. We have another seller who contacted us looking to see if we could do the same thing. Before we start talking about this option for potential sellers, is this even legal if someone doesnt have their real estate license? 

@Shaunda Hayes and @Ray Lai thank you SO much for your insight!!! 

We are going to try pre-foreclosure! 

I just did a heloc on an investment property with BMO. No closing costs or ongoing fee's. Let me know if you need my contact there. 

Hello!

We have been sending direct mail to absentee owners for almost a year and have had great success. We are looking to expand our reach to different lists.  One we are going to try is the tax delinquent list for our county. Does anyone have any other lists that they are crazy successful with? High equity? Pre-foreclosure? 

Thanks in advance!

I am looking to set up a hotline number that prospective tenants can call in to and get basic information about the units we have for rent. I have heard of people doing this but don't know where to start. The number would be on the sign in front of the property that is for rent.

Thanks!