License now or license later?

2 Replies

Good afternoon BP,

So I have been studying and researching real estate for close to a year now and have found my self getting more and more motivated every day but spinning my wheels trying to go in to many directions. Wholesaling is a great way to get started but requires a lot of expertise in property analysis and I live in San Diego where we have a plethora of investors driving good deals into a Bare bones situation. I’ve considered rentals but have reached the point where I will be leaving the area in the next year and moving to North Carolina. So my question is would it be advantageous getting a CA real estate license to familiarize my self with the process and laws then get another license in NC to gain access to the MLS and then build from there or wait for my move and just continue general studying until I can properly focus on my market and state specific laws? I appreciate any and all input thank you all!

Do you plan to take the test, or just learn more?

There are different rules if you are an agent than is you are just an investor.

Some states have license reciprocity, which makes it easier to obtain one state's license if you already it in one of the states on their list. Maybe look into that, if you haven't already. I'm not sure the NC to CA connection..... My 2 cents would be to wait as laws/procedures/MLS, etc. varies state to state. Plus you'll be paying fees/membership here that it sounds like you might not be benefiting from. I'd spend more of my time understanding the sub-markets of where you plan to move/invest in and track what's going on locally there, then familiarizing yourself with legal processes; maybe even start to make local contacts there prior to your relocation. Good luck!

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