Lot's of new investors want to know the answer to the following question, do you need a license to wholesale houses? The answer to this question is in this week's House Flipping 101 video below.
I've personally been a licensed real estate broker for several years now. I hung my license up 6 years ago and haven't used it since. The fact of the matter is, you DON'T need a license to invest in real estate.
Now I'm NOT looking to provide legal advice, and your area may be different than mine. I DO recommend you seek competent legal advice and check your local laws. BUT, I'm willing to bet that your area is no different than the rest of the country.
The reason you don't need a license to wholesale houses is because when you are investing in real estate you are signing an agreement between you and the seller of the property. Being that you are signing a purchase agreement with the property seller, you will have a "vested interest" in the property.
Once you have a vested interest in a property, you don't need a license to sell the property because you have an agreement to buy the property and you can sell your interest in that agreement for whatever fee amount you'd like.
This week's House Flippin' 101 video explains a little more about how this works.
But, if you're worried about NOT being able to wholesale properties because you don't have a license, don't worried... because you can.
Be sure to leave a comment below and let me know you're alive. Also, share this video, like it, and spread the word to help other investors get this great content as well.
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