Buying And Selling Real Estate--what Realtors Don’t Want You To Know
What’s the number one question people ask you when you tell them about your real estate investing career? “Isn’t it illegal to sell a house if you don’t own it?” “Don’t you have to be a Realtor to invest in real estate” Answer #1: Yes. Answer #2: No. Confused? Good. Allow me to explain.
You may only sell a property if you have an equitable interest in that property. Some investors use as little as $10 for an earnest money deposit when signing the sales and purchase agreement with the seller. The standard is usually $100. Once you have signed the sales and purchase agreement with the seller (depending on the stipulations you’ve set) you may begin marketing the property to find a buyer because now you have a contract giving you either control of ownership (depending how you structure the deal). Or if you’ve signed a sales and purchase agreement under the terms of a lease option you can even rent out the property for a monthly cashflow profit.
Just make sure to have a lawyer review and/or prepare your contracts to protect yourself and your business.
Shine on & prosper,
Cheryl Pinkard
Ps. Check out this link www.uprightpropertydeals.com for instant access to an amazing FREE real estate investing report. You won’t want to miss this limited opportunity.
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