Wholesaling houses has truly become one of the best ways to get into the real estate investing industry. However,when it comes to real estate wholesaling many people wonder if a real estate license is a must to get started. The simple answer isno?you don need a license to wholesale houses.
People also ask
How much does it cost to get a real estate license?
The cost of acquiring a license. It will cost you close to (if not more than) $1,000 to get your license. By the time you pay for classes, the test, and membership fees, you could be starting in the red. So for those on a limited budget (as most newbies are) you have to stack some coins before starting.
How do you deal with a real estate agent who is not licensed?
When you檙e at the table with the seller, encouraging them to sign with you instead of the guy that not licensed, you may have the upper hand. You can make the argument that you are licensed and have to do everything according to the department of real estate standards.
Do you need a contract as a non-licensed wholesaler?
As a non-licensed wholesaler, you don have to use that 15-page book as a contract. You can create (or have an attorney create) something short and sweet. The contract that agents have to use provides a lot of protection for the seller and the buyer, but it so dang long that a lot of sellers get intimidated.
What are the pros and cons of wholesaling real estate?
Pros and Cons of Wholesaling As A Real Estate Agent. 1 Pro #1. You don have to worry about doing something illegal. This a good thing to know. For those of you who want to wholesale and can acquire a … 2 Con #1. 3 Pro #2. 4 Con #2. 5 Pro #3. More items