All Forum Posts by: Account Closed

Welcome to BP @Nicholas Musey . Looks like You're off to a great start (no matter what field you decide to pursue). You'll find a wealth of knowledge and information here! Again welcome and I wish you much success! Will G

Worth Styles In Georgia I don't think you HAVE to work under a broker for any period of time but if you actually wanting to be an agent it's best that you do to build your foundation and learn the ins and outs. Here in GA you are required to complete a 75hr course. Maybe that's the difference. I do know a few investors like yourself who wanted the education more so than to be an agent. They took the class but never took the actual test. From my understanding as a licensed RE agent it's slightly harder to be an investor (or shall I say a "creative" investor) as all your transactions are scrutinized by the board of realtors. So in a way they are held to a different more strict set of rules. On the flip side (no pun intended) I've been told that if you're doing everything the right way, it's no big deal. Hope this helps... Will G

It sounds like you are doing a Sub 2. You control the property. From my understanding of the contract and what you are asking the answer would be yes.

Thanks for giving details Bernd K. Very informative!

Looks great! Have you tried lease purchases option? Usually gets higher lease option consideration (non-refundable deposit), rent is higher, you can apply a higher "sale" price at the end of the 2 - 3 lease term (abt 125% mkt value), most won't adhere to the lease agreement (for whatever reason), and then you REPEAT! :) Once again.. Looks great! Nice flip!

Very helpful. Some I knew... Many are New. Thanks!

Hi Hank Oyler . Welcome to BP! There is a WEALTH of knowledge to be gained here. I'm am new here as well and have already benefited from networking and posts in this community! Best regards! Will Gandy

Thanks Linval T. Great resource!

Yes as Curt Davis stated, you should have at least a simple sale/purchase agreement signed by both parties. Better safe than sorry! Are you planning to flip, buy and hold, or wholesale?