Authority Magazine
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Authority Magazine

House Flipping: Ed Frowley On the 5 Things You Need To Know To Create A Successful Career Buying, Rehabbing, and Selling Properties

You can get into legal trouble if you aren’t aware of the laws of buying and selling. I was looking to purchase a home from an investor. I had provided the contract and they had signed. After signing, they had seller’s remorse and decided that they didn’t have to sell. This is a violation of the contract and the seller could easily be sued and owe damages. Getting a real estate license, which teaches the licensee about contract law, would prevent this issue. Also, having a real estate license will not only allow a new investor learn what buyers/sellers are looking for, but can supplement your income by having your family and friends as clients.

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