BiggerPockets

Tiara,

I've been an investor for 10 years and a licensed real estate agent for 6 years.

The disclosures that people talk about are sooo not a big deal. I assure you. And doing them (which again, isn't really worth making a big deal out of 'em) is worth it when you get MLS access, get access to some potential leads you may not have before and speaking from woman to woman...I think we have an advantage a) cuz we're women and I think we get trusted more but b) because we may come across as more trustworthy because we are LICENSED real estate agents.

I think it's a win-win...oh and plus, you can get commissions. :-)

If you have the cash, go for it or just find (or make a friend) who already has their license.

There are soo many other threads to read on this subject use the search function at the top and have at it. There you will also find out the downsides.

Happy reading!

Thanks Wade... I'll be enrolling in my course soon and I'll probably be done by Christmas... I am so excited... I've already found an investor friendly broker with low monthly fees.

How soon after I receive my license and sigh up with a broker do I get access to the MLS?

Im getting my license here in Michigan. Here it's a 40 hour pre-license course. I found an approved online school and I'll be enrolling soon. So I guess its going to take me about 20-30 days (probably less). I've already chosen a broker (or I should say he chose me). Very investor friendly.

I am grateful that everything is so automated here, meaning I can pass my exam and receive my license on the same day (when my broker verifies my employment information). I am so excited to start getting leads!! Here in Detroit is like a Goldmine (despite whats reported on the news). Im actually happy that nobody is reporting on the current influx of foreign investors.

Yes David, I know, thank you. I've chosen to go with the Real Estate School of Michigan.

Develop and build yourself as much as possible so your in position to Control your destiny rather then relying on others.

Build yourself with as many of these as possible:

cash
credit
income
corporations
licenses

experience with
Closing real estate
Closing Loans
Flipping for profit
Holding rentals for cash flow

Sales experience
marketing experience
Local real estate knowledge
networking
and most of all major action steps to reach your goals.
Good luck!

Having as much control and quailifications will allow you to call your own shots.

Originally posted by Tiara Murray

... What are some drawbacks to having a license as an investor?

Your question happens to be frequently asked; I posted a bunch of BP links in this thread to help those asking the same question:
http://www.biggerpockets.com/forums/55/topics/39235-new-member-from-phoenix-az

You'll get opinions leaning both ways in that thread (I try to be unbiased wherever possible).

Tiara - did you know that you can take your Michigan real estate license course online? If you haven't already started your course please visit http://www.RealEstateExpress.com

I'm also interested in getting my real estate license so that I can work with my husband on purchasing investment properties, but since I also have a full-time job, I am curious to find out if there are any brokers who would want to sponsor me considering I have a full-time job. I also don't plan on marketing my real estate services to the general public in the beginning (that may change over time, depending on my job).

I have read over and over again how the majority of brokers don't want to sponsor agents who also have full-time jobs (excluding teachers, nurses, and others who don't have typical 9-5 hours) because they probably won't bring in as much as business as a "full-time" agent, can't always do floor time, attend inspections, closings, etc.

For all investors who are also real estate agents with full-time jobs....did you have any problems finding a broker?