Los Angeles · Member since 2016 · 48 posts · 7 votes
I'm in the process of waiting to take my RE license. Hoping it'll lead to more opportunities to get into RE investing etc. JUst wondering how many people investing in RE in any capacity hold a license.
Specialist · Salem, OR · Member since 2015 · 86 posts · 54 votes
8y
You 1000% do not need a RE license to invest in real estate. In some cases having a license is actually detrimental but in other cases it can be useful. Like when a seller won't sell low enough for a wholesale, won't sell with owner financing and just wants to cash out. You can just list it for them instead and still make money from it.
Why do you think getting your license will give you more opportunities to get into RE investing?
You 1000% do not need a RE license to invest in real estate. In some cases having a license is actually detrimental but in other cases it can be useful. Like when a seller won't sell low enough for a wholesale, won't sell with owner financing and just wants to cash out. You can just list it for them instead and still make money from it.
Why do you think getting your license will give you more opportunities to get into RE investing?
More than anything, I feel like getting a sales license will allow me to get my feet wet so to speak. Being around buyers/sellers etc and just that environment. At this point, I'm just trying to network and learn what I can. I do work for a general contractor as a project manager, so rehabbing and fixing up is something I at least have some experience in.
You 1000% do not need a RE license to invest in real estate. In some cases having a license is actually detrimental but in other cases it can be useful. Like when a seller won't sell low enough for a wholesale, won't sell with owner financing and just wants to cash out. You can just list it for them instead and still make money from it.
Why do you think getting your license will give you more opportunities to get into RE investing?
More than anything, I feel like getting a sales license will allow me to get my feet wet so to speak. Being around buyers/sellers etc and just that environment. At this point, I'm just trying to network and learn what I can. I do work for a general contractor as a project manager, so rehabbing and fixing up is something I at least have some experience in.
Oh gotcha. Ya man, you do what you think will work best for you. There is no single path to success in real estate investing. I know plenty of investors who have their license and plenty that don't but they both are making millions of dollars a year. Just know what the pitfalls of having a license vs not and then choose the path that looks best for you :)