WIP 730: Wholesaling Quicktip - Can You Wholesale Real Estate without a License
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 13 July 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Some states require wholesalers to be licensed because of “bad actors” who overpromise but underdeliver, people who unethically lock up properties at prices they could not afford. But you should also know that these things still happen even with licensing.
In this episode, Brent Daniels gives a rundown of what you need to know about wholesaling whether you have a real estate license or not. He outlines the steps to take if you are wholesaling for the first time, and he explains the benefits of having a license ready.
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Transcript
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| 0:00.0 | You're listening to wholesaling ink episode number 730 people have a problem with wholesaling for this reason |
| 0:07.1 | It's because you don't have to have money to make a lot of money |
| 0:10.3 | That's the truth |
| 0:11.5 | This is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps |
| 0:18.0 | You can take immediately to navigate the ins and outs of wholesaling and start making money today |
| 0:24.3 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success |
| 0:30.0 | To enable you to duplicate their results. You're listening to wholesaling ink the only show dedicated to making you a fortune in wholesaling |
| 0:40.7 | These states that are wanting real estate wholesalers real estate investors essentially to be |
| 0:47.7 | Licensed is because of bad actors |
| 0:51.2 | Okay, bad actors that go out there and they over promise an underliver |
| 0:56.1 | The bad actors that go out there and unethically lock up properties at prices that they know |
| 1:01.2 | They could never purchase that property at and then they beat those homeowners up day after day |
| 1:07.0 | Getting up to the closing to try to get that property down lower. So with that |
| 1:11.6 | I say you know what if licensing comes great |
| 1:14.0 | Hopefully that that somehow gets resolved, but I don't know how I don't know how you prevent that even if people are licensed |
| 1:21.6 | But let's just say that it just sweeps the nation which I think would take five to ten years to be honest |
| 1:27.8 | For it to be a requirement to have a real estate license to wholesale real estate |
| 1:33.0 | Okay, and if that happens great, so get your license |
| 1:37.2 | But Brent I'm not good at school. I'm not good at studying. I just want to go |
| 1:40.4 | I want to be able to hustle right away fine |
| 1:43.8 | But if they put that hurdle in front you have to play by the rules. You can't play outside of it |
| 1:48.6 | All right, if it's not here what I'm saying right now is just wait to see what happens |
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