I thinking about getting into foreclosures. Putting buyers & foreclosed sellers together. I don’t have a real estate license.
Does anyone know a good program to look at to get more information?
Thanks
2006-12-12 01:30:57 · 3 answers · asked by Excellent Credit Service 2 in Business & Finance ➔ Renting & Real Estate
Flipping houses is not illegal. It just means that you buy a house, then sell it either after fixing it up or not. HUD does have regulations about how quickly that can be done if the buyer is to use an FHA loan to buy it from you.
HOWEVER - Your statement about "putting sellers and buyers together.." sounds an awful lot like "practicing real estate without a license..." If that's what you're really going to do, then the program for you is PRE-PAID LEGAL, because you will be in criminal court.
It's kinda like saying... "I don't have a medical degree. I want to prescribe good drugs to sick people. Anybody know a good program for that?"
2006-12-12 04:57:42 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
I looked into this stuff a few years back and this is the best website I found that offers FREE information and advice and they aren't trying to sell you something constantly. There are a lot of great articles and the message board is really active - or it was a few years ago and probably still is. Anyway, good luck to you.
http://www.creonline.com/
2006-12-12 01:37:38 · answer #2 · answered by Someday Soon 2 · 0⤊ 0⤋
First thing's first. Remove the phrase "flipping houses" from your vocabulary. This is illegal. Replace it with "rehabbing houses for resale". In this case, most lenders won't touch the house unless you've been on title a minimum of 6 months.
2006-12-12 03:34:11 · answer #3 · answered by togashiyokuni2001 6 · 0⤊ 0⤋