I’m happy to be introducing my new course, Z-Code. This is the 2 nd podcast about it and we will address another question we’ve received from students who’ve already taken this exciting marketing class.
Z-Code teaches how to find leads on Zillow. It’s easy to get leads and Zillow leads are free. You’ll have a steady supply of leads to market to and follow up with, so you’d better be closing some deals.
When you use Zillow, it’s best to be creative with sellers. Approach these leads about lease options and owner financing. Sellers want to move properties, and you offer a seamless way to do it. Boom.
The 2nd question to come from students: Is wholesaling illegal in Illinois? I really don’t believe it is, so let’s dive a little deeper into the question using video. You can find the video at Zcodejoe.com.
I am not giving legal advice here, but there is a right way and a wrong way to do wholesaling in all the states. Yes, Illinois did change its law, but the change doesn’t make wholesaling illegal.
This controversy has been going on for a while… even before the law changed. The licensing board in Illinois is still trying to figure out what changed and how to enforce the new law.
It’s really not a huge deal. If a state requires you to have a real estate license, then get one. Just be sure that you link your license to an investment-friendly broker… one that doesn’t take a cut.
Agents can still employ For Sale by Owner. I have a license and that’s what I do. And here’s a real advantage… when you have a license, you can use MLS and the many tools if offers beyond listings.
Look at this from a positive point of view. People who refuse to get a license are going to drop out of the pool of competitors. Also, you can play up the license and tell sellers you’re a real estate professional.
You are required to disclose to sellers that you’re an agent anyway. You then further disclose that you’re not looking for a listing, and the deal you’re talking about is for you, by you. You’re only representing yourself in the negotiation.
Listen and learn:
- Hear about Joe’s new course, called Z-Code, which teaches students how to find leads on Zillow.
- The question Joe answers is about confusion in Illinois regarding a new real estate law.
- There are lots of advantages to being a licensed real estate agent.
- Check out Zcodejoe.com to learn more about this exciting new $97 course.
Mentioned in this episode:
- Joe’s podcasts on iTunes: RealEstateInvestingMasteryPodcast
- Get Joe’s new course: Zcodejoe.com
- Go to iTunes or wherever you access the podcast and leave a review of The Real Estate Mastery Podcast
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