Finally! Solutions vs fear mongering! I don’t care what laws are passed, I’m figuring it out…if I need a license-- no problem. Fund the deal? Who can help? Let’s get rid of the people who waste our time and work with only those make something happen regardless. .
The burdon of proof is on the prosecution. You don't have to prove that you didn't market the deal. "They" have to prove that you did. If there's no proof, they can't convict you of anything. Remember. You have the right to plead the 5th and not take the stand and remain silent. And to remain silent is NOT an admission of guilt. You simply have the right NOT to incriminate yourself. That's your right. Use it. A private list is the intellectual property of an individual or company, and one cannot be compelled, legally, against their will to reveal access to that list or source to have acquired that list.
What is the issue with just getting a license, and acting as an agent between the seller and buyer? Guarantee a price to the seller and charge the buyer a fee. Its literally the same as wholesaling
We’re noticing a trend toward stricter real estate licensing regulations. Proposed legislation suggests that, to obtain a real estate license, individuals must first gain practical experience by completing one wholesale deal, one property flip, and owning/holding a rental property for at least one year. The reasoning behind this is to ensure that agents have real-world experience before representing retail buyers, as those without this hands-on knowledge are considered a potential risk to retail buyers due to their lack of comprehensive market understanding and real estate math. As a licensed agent, I propose that we introduce a pilot program in Florida to test stricter licensing requirements for real estate professionals. Ive called an emergency meeting with the NAR president.
What???😂😂😂 NAR just got slapped with a settlement that had nothing to do with wholesale activity, but we’re going to require agents to flip a house before getting licensed??? Just stop with this foolishness 🤣
@@MizZzChAvVvOzZzFundamentally agents engage in the act of representation of either a buyer and/or seller. Mandating that an agent take on the risk associated with investing as a requirement for licensure, when their fiduciary responsibility is to represent someone else’s interest is just fundamentally flawed 🤣
I may not be understanding this correctly. If i have a deal UC for PP of 50k, 10k potential assignment fee but I'm in SC. So takedown.. I would pay aprox $7100 for funding/costs + split, and walk with $2900. Unless one title issue/buyer side delay comes up, close in 60 and now im down to $2400 gross. Less cost per contract and overhead... I'd make more flipping burgers.
We are currently working on locking in 5 propery portfolio in Jacksonville, FL. We convinced seller to do creative. Can you guys underwrite 100% for the down payment ?
@@ONCE.Daren.Quebadacongrats on the deal. Just a word of advice for you going forward: don’t use phrases like “we convinced the Seller”. That’s one reason wholesaling is frowned upon by the real estate industry peeps who don’t truly understand. Try just saying “the Seller and us agreed on”. It sounds less bullish and less like taking advantage of Grandma and Grandpa and more like there was a negotiation. Please don’t take my suggestion as being critical of you because that’s not the intent
DIY is risky because of the market's volatility. To succeed in investing, you do not have to figure out who will be the next NVDA. Select dividend aristocrats, premium ETFs, and a reliable advisor. An amazing accomplishment occurred when I converted $180k into $20k in quarterly dividends.
When greater market diversification begins to emerge before the end of 2024, investors should, in my opinion, always put their money to work. About $350,000 of my funds are intended to be invested in equities over the upcoming year. In 2025, I want to be millionaires.
Wow, 20% is an excellent and very reasonable proposition. I respect the hell out of these guys for this. --- I will definitely be using their service.
Finally! Solutions vs fear mongering! I don’t care what laws are passed, I’m figuring it out…if I need a license-- no problem. Fund the deal? Who can help? Let’s get rid of the people who waste our time and work with only those make something happen regardless. .
The burdon of proof is on the prosecution. You don't have to prove that you didn't market the deal. "They" have to prove that you did. If there's no proof, they can't convict you of anything.
Remember. You have the right to plead the 5th and not take the stand and remain silent. And to remain silent is NOT an admission of guilt. You simply have the right NOT to incriminate yourself.
That's your right. Use it.
A private list is the intellectual property of an individual or company, and one cannot be compelled, legally, against their will to reveal access to that list or source to have acquired that list.
Add an agent to your LLC. Problem solved
What is the issue with just getting a license, and acting as an agent between the seller and buyer? Guarantee a price to the seller and charge the buyer a fee. Its literally the same as wholesaling
We’re noticing a trend toward stricter real estate licensing regulations. Proposed legislation suggests that, to obtain a real estate license, individuals must first gain practical experience by completing one wholesale deal, one property flip, and owning/holding a rental property for at least one year. The reasoning behind this is to ensure that agents have real-world experience before representing retail buyers, as those without this hands-on knowledge are considered a potential risk to retail buyers due to their lack of comprehensive market understanding and real estate math. As a licensed agent, I propose that we introduce a pilot program in Florida to test stricter licensing requirements for real estate professionals. Ive called an emergency meeting with the NAR president.
Wow! You have to update us how things go.
What???😂😂😂 NAR just got slapped with a settlement that had nothing to do with wholesale activity, but we’re going to require agents to flip a house before getting licensed??? Just stop with this foolishness 🤣
@@sidneya.4330exactly how is that foolish?
@@MizZzChAvVvOzZzFundamentally agents engage in the act of representation of either a buyer and/or seller. Mandating that an agent take on the risk associated with investing as a requirement for licensure, when their fiduciary responsibility is to represent someone else’s interest is just fundamentally flawed 🤣
@@sidneya.4330 I agree
I may not be understanding this correctly. If i have a deal UC for PP of 50k, 10k potential assignment fee but I'm in SC. So takedown.. I would pay aprox $7100 for funding/costs + split, and walk with $2900. Unless one title issue/buyer side delay comes up, close in 60 and now im down to $2400 gross. Less cost per contract and overhead... I'd make more flipping burgers.
Why would you work at the bottom of available housing? 50k?
@johnsudlow5088 To help sellers and make money? Not every property is located in the bay area.
80% to the lender or the wholesaler. Who gets the 20%
@@WilPOWER10 80% to the guy bringing the deal
I do
We are currently working on locking in 5 propery portfolio in Jacksonville, FL. We convinced seller to do creative. Can you guys underwrite 100% for the down payment ?
@@ONCE.Daren.Quebadacongrats on the deal. Just a word of advice for you going forward: don’t use phrases like “we convinced the Seller”. That’s one reason wholesaling is frowned upon by the real estate industry peeps who don’t truly understand. Try just saying “the Seller and us agreed on”. It sounds less bullish and less like taking advantage of Grandma and Grandpa and more like there was a negotiation. Please don’t take my suggestion as being critical of you because that’s not the intent
DIY is risky because of the market's volatility. To succeed in investing, you do not have to figure out who will be the next NVDA. Select dividend aristocrats, premium ETFs, and a reliable advisor. An amazing accomplishment occurred when I converted $180k into $20k in quarterly dividends.
When greater market diversification begins to emerge before the end of 2024, investors should, in my opinion, always put their money to work. About $350,000 of my funds are intended to be invested in equities over the upcoming year. In 2025, I want to be millionaires.