Legal Issues - Posted by Andy(MO)

Posted by Tim on July 24, 2002 at 08:54:34:

Which of the documents in Lonnies book need to be modified for Georgia?

Legal Issues - Posted by Andy(MO)

Posted by Andy(MO) on July 18, 2002 at 24:23:40:

What type of legal issues should I be aware of when doing my first deal. Do I need to have a license to do only one deal. Do I need to have an attorney look over the document to make sure everything is right. I did read Lonnie’s book about six months ago but have not had a chance to act on it yet. All responses would be appreciated. I am in Missouri if that helps.

Thank You


Re: Legal Issues - Posted by brad

Posted by brad on July 18, 2002 at 13:01:48:

if you call your state dept. most will tell you that you have to have a license. but that is false. the reason i say this is if you had to have a license then anyone owning a home would have to have one when they sold. not going to happen. lawers can be nice if the profit is enough to justify it. you are usually not going to be making enough on these to get lawyers involved but there are docs in lonnies books you might wanna run by one to see if everything aplies to your state.