Hello this is my first post here on REI and I’m going to message other Real Estate Investing Boards as well. I’m a Licensed Florida Real Estate Agent, (Current) and I would like to speak to the newbie Real Estate Investors. Many Agents don’t like working with Investors When I ask the question: “Do you work with Investors” at many Agent meetings that I have attended someone would come forward and say how they got burned but the honest truth is they don’t know what investors do. Anything outside of the norm of selling a pretty house to an end buyer most agents don’t have a clue.
Wholesaling is a topic we in fact did learn in Real Estate school but it’s called assignment of contract. Remember, (Here in Florida), you are NOT Wholesaling houses but you are assigning contracts to an end buyer and that is a big difference.
I also noticed that some Investors on this site said if you get your Real Estate License you are more likely to get sued, That is not true in my experience. Here in Florida anyone can sue anybody for anything. Also what the investor didn’t mention is the DBPR goes after unlicensed people here in Florida all the time. Learn the laws in your state FIRST by going to the states legislative site or pick up a Real Estate law book, you don’t have to be an AGENT but you SHOULD know your states RE laws. Take the time to learn the laws first which could save you thousands. You also want to be honest and up front with the people you are working with as well, that will lower your litigation risk.
Also you CAN make money here in Florida without any money, (Yes, I’m saying this as an agent) Go around your city and look for vacant properties, (Many newspapers, phone books, flyers at the front door…etc) and see if you can find the owners of the property. Get the property under contract and then find and sell to and end buyer. That is how I first got started before I got my license.
Let me know if you have any questions!