Should I get my real estate license!
3 Replies
Mindy Holmes
posted over 2 years ago
Joshua Ferguson
Rental Property Investor from Troy, Ohio
replied over 2 years ago
Hi Mindy!
I’m brand new here (No deals or current properties) I’m also considering getting my real estate license. I think it could be a good way to get to know the market you work in and great for networking.
Also it at least gives you another source of income to possibly make more deals. I’ve always been a fan of the Warren Buffet quote “The best source of income, is multiple sources of income”
Joshua Ferguson
Rental Property Investor from Troy, Ohio
replied over 2 years ago
Also I just read this and found it very helpful http://www.biggerpockets.com/renewsblog/2010/02/24/should-you-get-your-real-estate-license-investors/
Sam Shueh
Real Estate Agent from Cupertino, California
replied over 2 years ago
I never discourage anyone NOT wanting to learn about laws, rules. Once you get a license you realize there are a lot of regulations not learned before. For example, door knocking in many cities, leaving fliers without a solicitation permit is subject to fines where there is an ordinance. Suppose you get a broker license and have your children who are not licensed realtors to solicite when getting caught their license gets revoked. Whether you are FT realtor with part time income or part time realtor with FT income is what you want to make out of yourself.