As I delve into to possibilities of real estate investments, I am positive that it is the direction I want go with my future. I have been educating myself with any spare time I can find and am growing more and more excited! I am not sure what niche will get me started but the immediate question that I keep asking myself is, "Should I get my Real Estate license?" The education that you obtain prior to receiving your license seems very useful and networking would also be easier. However, having to disclose that you are an Agent may be disadvantageous. Are you in any way legally bound to your broker? Would I run into any tricky marketing issues?
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
8y
I think your biggest misconception is in the education needed to become an agent. Most of it is never used when performing the duties of an agent, the vast majority at least in CA was memorizing terms such as styles of roof, types of financing, types of easements etc. If you don't want to be an agent or a property manager and/or don't plan on buying more than one property for yourself per year it probably isn't worth it.
Rental Property Investor · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
8y
@Kameron Lamb While being an RE agent can be a great career it teaches you more on how to sell as opposed to the principles of investing. Of course, some RE agents are great investors based on their market knowledge and continuing education ... but they are in the minority (like in every other profession where successful people are in the minority).
It's not worth it especially if you only plan on buying 1-2 properties a year. Too much work and not enough pay out.