1,056,097
You can perhaps put properties in a trust, corp or LLC . . . with a trustee or statutory agent who is 'not you'.
**this is actually a great question for your attorney.** :D
You STILL need to reveal your status as a licensee as an ethical requirement.
"One party holds an active RE License"
-
Susie Kay
Plano, TX
-
Eve Alexander
Tampa, FL
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Jeff Dowler, CRS
Carlsbad, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Alan May
Evanston, IL
-
Bob Crane
Stevens Point, WI
613,494
This is exactly why some licensed "investors" give up their license...so they can do or say what they want and not be governed by the Real Estate Commission.
Either you want the commission from your license or you want to be unregulated...you can't do both.
I invested and flipped RE for many years and always put "Licensed Real Estate Broker" next to my name as buyer. Just tell it like it is.
Eve
-
Bob Crane
Stevens Point, WI
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
1,201,302
You, having a Real Estate license does not impede you from investing in property but you must disclose you are licensed.
Establish a Realty Trust or LLC for masking the principle's name.
-
Ernie Steele
Lebanon, PA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
2,399,386
1) You don't use your license to buy a property Annette Lawrence , Palm Harbor, FL 727-420-4041 . You use your skill set to purchase a property wisely.
2) Check with the State and a trusted title company or lawyer for part 2 of your question.
-
Susie Kay
Plano, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Candice A. Donofrio
Fort Mohave, AZ
6,416,169
For an Investor having a license is a HANDICAP NOT AN ASSET, if you think that getting a license will help you as an investor then you may want to reconsider your path.
-
Susie Kay
Plano, TX
-
Eve Alexander
Tampa, FL
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
921,504
1. OBTAINING property cheaply to flip and profit in best achieved w/o a license.
2. Simply place ANONYMOUS on the purchase contract. That should work.
More details for an actionable plan available upon request.
-
Bob Crane
Stevens Point, WI
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
4,900,085
It will depend on your state real estate laws.
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
5,772,575
Candice A. Donofrio has your answer.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
509,449
1. I don't see any reason how you can use your license to buy a property for cheap. You just hire a realtor to help you find the property. If you have a license but you don't have any experience, then you try doing the real estate part on your own, you may end up getting in trouble.
2. I see many investors using series LLC. However, having said that, I would suggest that you talk to an attorney. Every situation is different and the attorney understands the legal aspect of a business structure. Good luck!
-
Bob "RealMan" Timm
Minot, ND
-
Susie Kay
Plano, TX
420,003
Contract can be written "My Attorney or his assigns" but some won't like to accept the veiled offer. Contract can be in a LLC that you are not officer.
The thing is this: you can't have a lychee nut, an apple, an elephant and a free golden goblet all in the same blender.
If you are licensed you have to disclose this
Having a license doesn't mean you will know a deal when you see one
Fix and flip - you need to know how to price construction and repairs with the finest of skills
Making a profit is about: market knowledge, leveraging money, being super fast, estimating all the possible costs and liability
-
Eve Alexander
Tampa, FL
-
Bob "RealMan" Timm
Minot, ND
7,862,342
Follow the rules in your state.
-
Karen Climer
Orlando, FL
-
Bob "RealMan" Timm
Minot, ND
3,349,229
Great question for a real estate attorney.
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
5,583,328
if you're licensed, you'd better fully disclose that fact.... clearly, visibly and understandably....
-
Bob "RealMan" Timm
Minot, ND