All Forum Posts by: Ryan Gillis
Ryan Gillis has started 14 posts and replied 38 times.
Post: Is it the local or the property location law that applies?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
Originally posted by @Jeff B.:
correct - - Wherever escrow closes, that's where the rules are applied.
Hang on -- what if I use my title company here in Portland?
Post: Is it the local or the property location law that applies?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
Originally posted by @Jeff B.:
Originally posted by @Ryan Gillis:
Michigan, for instance. However, in Michigan, you're only allowed to do four transactions a year if you don't have a license, Oregon doesn't have any such law. Would Oregon or Michigan law apply here?
You answered your own question here :) Any part of a transaction with a Michigan address will go toward your quota.
Okay, does that apply to everything? I'm bound by all of that state's rules when I do business there?
Post: Is it the local or the property location law that applies?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
I live in Oregon, but I'm trying to wholesale (assign contracts) for properties in other states. Michigan, for instance. However, in Michigan, you're only allowed to do four transactions a year if you don't have a license, Oregon doesn't have any such law. Would Oregon or Michigan law apply here?
Post: How do you do wholesaling (assignment) when you're not at home?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
@Zachary Curry:
So it's not possible to arrange for the money to be deposited in my bank?
Be prepared to Skype and over produce documentation showing you are, who you are.
I've got two passports (dual citizen), and a drivers license. Would that be enough?
Post: How do you do wholesaling (assignment) when you're not at home?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
Okay, great. How is the process different?
Since I won't be meeting with the title company or anyone in person, how do the papers get done? Since I won't be at the usual mailing address, how do I get my payment?
Post: How do you do wholesaling (assignment) when you're not at home?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
@ZacharyNCurry
Post: How do you do wholesaling (assignment) when you're not at home?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
I'm going to be travelling for about six months, and I'm starting to look into getting myself set up so that I can do contract assigning from overseas. How is it done?
Post: Which laws apply in wholesaling (contract assign) long distance?
- Real Estate Investor
- Portland, OR
- Posts 39
- Votes 5
The law where you live, or in the state where the property is?