I’ve done deals in multiple states for a long time, but it has never been this easy before.
Here is how things have changed and how I’m teaching my students to do their businesses remotely – without ever seeing the properties or meeting the buyers or sellers.
I’ve got students in Canada doing deals in Ohio – someone living in Dubai doing business in MN – someone living in Washington State doing deals in Hawaii – someone living in Mumbai doing deals in Indiana – the list goes on and on.
This video explains how to set up businesses, remotely and in many States (or Countries) simultaneously.
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Read Transcript for “How To Do Deals In Multiple States”
“Does your training provide guidance to aspiring investors to know the ins and outs of the varying laws and regulations from state to state so they can do deals in multiple states? Thanks for all you do for newbies like me.” – Hal Cooksey, Odessa, Texas
Joe: Yes. First of all: I’m not an attorney, I don’t even play one on TV, I can’t give legal advice, etc., etc. But I have a lot of experience and I’ve been doing this for a while. If you have any legal questions, ask an attorney.
Joe: What we have done is created a system that seems to work everywhere we’ve done it. And not just in the United States but in Canada, Australia, the U.K., in the Philippines and I even had a guy in Kazakhstan – the old USSR – any place where there is a free market for real estate.
Joe: Most markets are designed around 14th century British law – the deed system was built around that British law. If that system is in effect there, which it is in most of the free world, then you can do this system and make it work. You might have a regulation here and there and you might want to tweak things as you go, but you can get started with this system and move forward with it without too much fear of having a problem.
Joe: You can also do this without a license because you’re a principle in the transaction. Just like its legal every place to go to sell your own property, what you’re doing is putting yourself in control of that property by getting a document that has a signature from the seller saying you’re a principle in the transaction. By doing that, it gives you the right to sell it without having a license.
Joe: If you have a license, that’s good too, because then nobody can ever accuse you of trying to do business without a license, which we’ve had a few people who have been accused of that. It’s especially difficult for people that are brand new to defend themselves because they don’t have the words yet or the explanation of a true understanding of how that happens.
Joe: So, I would suggest that you not talk to agents unless you really know what you’re doing, and then later, as you get better, you can actually partner and make money with agents, or, maybe you can even get a license yourself, which I think makes a lot of sense. Again, I’ve had a license for more than 20 years, a broker’s license, and I have my own company. I do not list and sell property – I buy and sell property as an investor, not as an agent. I hope that helps.
