Should I become a realtor?

Let me start by saying that I did get my real estate license. There are two schools of thought here.

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Method #1 - Spend your time doing what you do best. Part of me says that I am better off spending my time practicing law rather than scanning MLS. Pay the professionals to do what they do best.

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I started this way for my first year. But, here were the problems:

1. My agent wasn't bringing me any deals. They relied on my looking on realtor.com and telling them what I wanted to see.
2. I felt bad asking my agent to run comps on different properties on a daily basis, but I couldn't run them myself.
3. I felt bad asking my agent to show me a bunch of low priced homes until I found the right one.
4. Sometimes I had to wait 24 hours to get an offer submitted.
5. I felt bad giving away an entire months rent to have a property listed for rent on MLS.
6. When I found a hot property, it was sometimes three das before I could view the property and by the time it was gone.
7. Last and not least, all of this cost me 3%!!!

So, I went to method #2 - Get my real estate license. Now, it looks like this:

1. I see listings as soon as they come one the market.
2. I can run the comps immediately to verify that they are a good deal
3. I can see the property anytime I want,
4. I can submit an offer before my competition.
5. I keep the 3%
6. I keep 1/2 months rent or more when I list properties for rent on the MLS.

Moral of the Story is that I just got my first check for $4,200 today when we closed on our third home! This goes a long way to a down payment on my fourth home!

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Cash is the limiting factor in our investing. So why not save some wherever you can.