Real Estate Technology by Justin McClelland | November 6, 2009 
As a Real Estate investor, you will need to look to various nooks to find hidden gem properties throughout your career. Of course properties can be found on the MLS, but that rules out the FSBO (For Sale By Owner) seller. As the internet progresses and evolves, FSBO sellers are seizing the broad audience that [...]
Read the full article → Real Estate by Stephani Davis | October 22, 2009It’s no secret that there are some smokin’ deals to be had on the MLS right now in the form of short sales and REOs. While having your real estate license is by no means a necessity if you want to score great deals off of the MLS, there are definitely some advantages to being licensed. Following are a few of those advantages..
Having access to the MLS
I’ve been wholesaling REOs for the last two years, and I can’t imagine doing so without having access to the MLS. Aside from being able to look up comparable sales, I can also do research to find out where the investor hot-spots are, as well as find out which properties have fallen in and out of contract multiple times, and which properties are due for a price reduction (I specifically target such properties). The MLS contains a wealth of information, and is something that I rely on heavily in my day to day investing activities.
Making a Commission on Purchases
Another upside to having your license when pursuing listed properties is that in many cases you will be allowed to take a commission on the deals that you purchase. While you may elect to give your side of the commission away to the listing agent in order to sweeten your offer, it’s always nice to have the option of making a commission on top of the profit you are making on your deal.
Joshua Dorkin
