Real Estate License?

Question

Would it be wise and worth it to get a real estate license as the first step?

Jim Pellerin · Answer

Not in my opinion for the following reasons:

CONs

1. Real estate investing is a lot different from being an agent.

2. It would distract you from your focus of investing.

3. You are also bound by certain regulations and disclosures.

4. There is a cost of maintaining your license.

5. You will be perceived differently when negotiating offers for investing.

6. You will never be as good as a good agent because you're not an expert.

PROs

1. Access to MLS whenever you want.

2. Save on commissions when selling.

Carlos Zapata · Answer

Honestly it depends on your situation! When I first started I got the license to get a better understanding of the market, and it allowed for me to be able to work and get money from this, to have it become my only source of income for a while, however, I don't think it has to be a must! You can learn from the market by heavily researching and going places where other investors are, learning from others, etc!

Once again, it depends on what you want to do, if you want to dedicate your time to learning and stuff while also having a safety blanket of working as a realtor for a more steady income, even saving up to pay your first investment, or just investing right on! On both cases, I would highly sugest you to learn as much as possible either way, just so you know what you are dealing with at all times!

Also yes, what @Jim Pellerin said is so absolutely true, there are regulations, and there's a cost to maintaining your license, so this might be a bit of a turn off, because even if you end up selling by yourself, you might want to hire an agent to do the work for you, depending on what you have in your plate, lol!

Real Estate License?

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