Re: Flipping houses, how much profit to expect after remodeling?
I've been a licensed real estate agent in CA for over 7 years. If you want to flip houses, I would recommend NOT getting your RE license.
As others have allready stated your goal is to buy the house at a steep discount. Effectively you're looking to take advantage of someone else and their misfortune and/or stupidity. Having a license inhibits your ability to do this.
I'm assuming that most states are at least somewhat similar to CA. During a RE transaction you would have to disclose that you are a licensed agent. The Dept. of RE does not want agents taking advantage of non-licensed people.
Unlicensed investors can rape idiots all day, agents run the risk of being sued by people who think they were screwed over.
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