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How to do real estate without a license
Many people are unfocused, have no real goal in life, have no career, and really don't know what to do with themselves. If you fall into this category, why not consider real estate. Oh, I can hear the objections now, "I don't have a license." Believe it or not, you don't need a license. No state that I know of requires you to buy a real estate license to buy a house. In fact, most states will allow you to buy and sell almost as many houses as you like without a license. Some states have a limit, but they almost never enforce this statute. In California the law allows you to buy and sell four houses per year without a license, but I have never heard of anyone being confronted by any official for exceeding this limit. In fact, many contractors make buying old houses, fixing them up and reselling them a full time business. They have contractor's license, but no real estate license. Actually, they need neither. Remember, if you own one rental property you are "in real estate." And no license is required to sell your own house.
So, buying a house and reselling it at a profit is one way to "be in real estate." There are other ways.
1. Buy "Fixer Uppers" refurbish them and resell at a profit. One many I know does this with credit cards! Some enterprising dealers have bought an old house, repainted it, and sold it at $10,000 profit. That's all they did. Repaint it.
2. Buy houses and rent them out. One girl in New York city rented houses, and re-rented them at a higher price. She became a millionaire.
3. Buy houses and resell them without fixing them up. This can be done if you are a good salesman.
4. Buy and sell mortgages. You can buy mortgages (either firsts or seconds) at a substantial discount and make incredible interest rates. People have notes and would rather have the cash instead of the monthly payments. They will sell them cheap for cash in hand. You can buy these notes and collect the interest yourself. Some people with cash money to invest sometimes make up to 20%. With just a few notes, this could be a good living. Of course, someone is going to say, "Hey, I don't have any money to invest. Where am I going to get the money to buy a house?" This, as they say on TV, is another program. I have reports on how to buy houses with no money down. See my complete list of reports.
