Should an investor looking to buy pre foreclosure get licensed? why? why not?
So I know it has been asked before but there seems to be a lot of opposite thoughts. Here is why I ask I am not licensed. I have a seller in pre foreclosure whcich is willing to sell to me at any price I can negotiate with the bank. I would love to get a short sale price, I am guessing tops 80% since it is move in ready and no issues or anything needs to be done to either a. sell/flip or b. rent. I have heard that if I was licensed I could not do this or I can get in real trouble. What if i disclose and give more time than the usual? I ask because i have been wanting to start my R.E. career and I have had no luck obtaining either an investor to buy my deals, a mentor or a solid answer/help. So I decided to sign up for the CA R.E. course 2 days ago. Now I am having 2nd thoughts. My goal is not really to become a realtor, but to become an investor. Maybe start flipping or wholesaling, but eventually I want to buy, and buy at a discount. License or not? Thank you. Luis 510 342 8789 cell I can find motivated seller, but I need to put the rest of the pieces to the puzzle together. Can you help?
Posted by wideawake
Answered by Sean
Mon May 14th 2012 at 11:00am