Do i need a real estate license in order to flip a house?
111894
Check with your state division of real estate. Most states require one if you buy and sell over a certain number of homes per year. Also in most states "flipping" of properties is illegal.
615475
If you sell mortgages for a bank, you don't need to be licensed.  You will likely have to be licensed to work in a broker shop.  Most states have caps on what you can make on the loan.  In Ohio it was 7.99%, but it's changing to 5%.  Many lenders have their own caps on what they'll let you charge as well.  Really it comes down to the customer.  Good luck charging the cap unless you're their only hope, and you'd have to be pretty good to be the only one to come up with a program no other broker can do.  Also, broker shops have become very competitive with slowing sales.  If you can prove that you can meet a steady (and impressive) monthly goal, you're in a good bargaining position (over 50% of your fees).  Remember .. the broker has to make some money too, or there is no shop!  :)
512617
You dont really need an agent to buy a house/condo. But you DO NEED to know what you are doing. Find out as much as you can about buying, and NEGOTIATE, NEGOTIATE, NEGOTIATE! The commission stays in your pocket.\n\nRead your contracts thoroughly, and you will need to appoint a legal conveyancer to handle all the deed transfers and suchlike. \n\nThere are plenty of good websites to find out information, so do a search to find one relevent to your states laws.
635353
real estate foreclosures or buying properties to fix and flip. I have been doing it for a few years now and will be retiring in the next 3 or 4 yrs. I am 39 and a contractor.
385890
In PA you must take two classes.  There are lots of places that offer them.  I took mine through Polley Associates and I know they offer them across the state.\n\nAfter you pass those two classes you must sit for a state exam.  Once you pass the exam you are elegible for your license.  You MUST find a Broker who is willing to let you hang your license with their company however, you can NOT practice on your own as stated by the person above.
481897
have knowledge. It also helps to join a professional association and take some real estate course and/or get your license.
222612
In most states you have to be licensed in Real Estate to Manage other people's property.  Getting your Real Estate license is a great way to learn while you are getting some credentials.
532547
You will find information regarding obtaining a real estate license in Oklahoma at the Oklahoma Real Estate Commission's website (www.orec.ok.gov)\nGood luck!
478343
You can always purchase another home.  If you are not planning to live in it you would apply for a non-owner occupied loan.  The rates are typically higher for this type of purchase.  Additionally the amount a lender would provide is also typically less due to the increased risk. You mention doing improvements and flipping it.  There are some risks involved with this type of venture.  First a new lender may not wish to finance a property they know will be sold shortly after granting you financing as it is not cost effective for them.  Also after you renovate the home the new purchasers may have trouble obtaining financing since you purchased it less than 12 months ago.  If you do re-sell the investment property in less than 12 months the new purchasers lender may require evidence of improvements to the home to justify the increase in value from the time you bought it to the time you re-sell it.  I recommend you keep all receipts and cancelled checks you obtain during renovation to adequately substantiate the value increase.  House flipping is not easy task.  You can lose your shirt if you are not careful.
910610
Heck yea and many scum sucking realtor will also. If they list a property that is way under market they flip it. There is no reason why they would even market the house or even put it on the MLS.  This is just one of the games that they do, check out this web site.\n\nhttp://www.breakingbubble.com/index.htm
66683
It depends on what you mean by a little bit. I would save up  five hundred and go to the county clerks office and get a copy of the property tax list what houses that had tax leins on them or were forclosed. Then go when the auction is scheduled and bid on a house that you want (you can get one for as little as 100 dollars if no one bids higher) fix the house up and 'flip' it. you could sell it outright, rent it out. If you are willing to get in there and get a good deal, it really isn't too good to be true. Give it a try. First step is to go to the county tax clerk office and take a look at the houses and auction dates/times. Good luck.
263657
That all depends on what you are doing.... Putting in a new fridge, no.  Replacing the stove, no.  Fixing a hole in a wall, no.  Now, are you going to replace wires in the home or unit, yes.  Most trade jobs that require an licensed expert and the answer is yes.  Just look at the liabilities of what appears to be a simple thing of hooking up a new service to a hot tub and then something going terribly wrong and that should open your eyes to having the proper license.  Listen to those that say you do not need one at all and you may get by until something happens. Just call your local building inspector what you are requested to do a job that you think may need license and they will be able to tell you.
487197
Anyone can sell real estate. All it takes is proper licensing. I wouldn't use an lawyer simply due to the length of time they take to do anything. Closings would take months instead of weeks. (Billable hours, ya know!)I am in R/E and that's all I do. I am an expert in my city and I think its VERY important to use an expert when ever you can. I'm worrying about my Real Estate client more than my criminal case, divorce case, traffic case, etc....
806878
If you are not familiar Dont,if you thinking of this type of business,get someone which is good in this trade to help you for a start.(normally an estate agent)\nTry not to flip too much houses at a goal.(my suggestion for a start try 1 or 2 properties until you are more familiar)\nDo not invest your monies on 1 area, try different areas or even countries you may think of potential.\n\nGood Luck\nemail jassmode@yahoo.com.sg\nColdwell Banker Real Estate (Singapore)
297585
First of all you have to find about 200 really strong friends to pick it up.  \n\nSeriously though, flipping houses is buying cheap fixing up quickly and then selling for a profit.
271809
You'll need more than a "form letter". If you want to sell without a real estate agent, you should still hire a real estate attorney to handle all the legal documents.
367854
Go to the state website for Colorado, do a search for real estate division in Colorado.  The requirements will be there.    Some states don't require any license, some do.  Not sure about Colorado.  Good luck!