Benefits to part-time Real-estate investor getting licensed

[Scott Ferguson]

I have been doing some part time real-estate investing (In Oregon), made some good money on a few fix and flips over the years. I would like to keep the momentum going and get more active. I think the next logical step is to get my real estate license. I do have a full time job I’m not planning on leaving anytime soon. Nor am I planning on being a conventional real-estate agent. The intent is to only broker my own deals and gain access to more resources in the industry. That being said, if I’m a licensed agent, but not working for any principal broker. What latitude does that really give me?

Access to MLS?

Ability to set up viewings of listed properties?

Would I need to carry my own insurance?

Will these costs outweigh the benefits?

Thank you.

[Jim Pellerin]

Personally I would never become a real estate agent. It would distract me from more core competency of being a real estate investor. Plus, how could I ever expect to be as good as someone with 10 or more years experience, especially if you say you would only be doing is part time and for your own deals.  MY recommendation is to find a good agent that will work with you and give you the information whenever you need it. Chances are you'll reap the benefits by them moving the property faster than you could. Again, make sure it's a good realtor with lots of transactions. Someone that knows how to market and sell properties.