Updated over 5 years ago on . Most recent reply
Real Estate License for Flipping?
Do you feel its worth getting a real estate license for flipping houses? We have flipped and sold 2 houses as "for sale by owner" that worked out for us, but may have taken a little more time than if we had an agent and were on the MLS. Now we're wondering if it's worth us getting our real estate license as we continue to do more houses to avoid commission costs and get access to more potential flips/sales or should we just leave it to the professionals also and work with an agent?
Most Popular Reply
Yes 100% it's worth it. No matter how good an agent is, no one is going to care as much about your flip as you will. You will get instant feedback on the house by talking to all the agents yourself, negotiations are smoother, your local MLS will have the best comps with pictures so it's easier to get ARV's, you can see every house as soon as it hits the market.
There really is no downside, the only reason I've heard for people not getting licensed is that they don't want to have a governing body to answer to. An easy solution to that is don't do anything sketchy and you won't have to worry about it.