Real-Estate License While Investing

[Sam Collins]

Hello BP Family,

I am new to investing in real estate. My market will be the Houston Texas area.

I have been doing countless hours of digging through the forums, listening to podcasts, watching YouTube, and scrolling through Facebook trying to find the answer.

So my question,

Is it worth getting your real estate license here in Texas if you plan on doing the BRRRR method and fix and flip?

Also, do you have to go through the brokerage that hangs your license on every deal that you take as a personal investment? Let’s say it is an off market home you plan to pay cash for.

I have weighed the pros and cons of having it and to me it makes more sense to get a license. The only one I can’t find the answer to is the question above. I like the fact that you can do showings whenever fits your schedule, and the fact that you don’t have to wait on an agent to submit your offer for you. The cost yearly is Relatively low compared to the benefits.

Any help would be appreciated, or just your thoughts on pros and cons of having it.

Thank you,

Sam

[Jay Hinrichs]

for fix and flip  one thing you will see is brokerage fee's are a huge cost to the end sale since they are calculated on the gross selling price.  To me if your going to be flipping houses it is simply a no brainier to get licensed.. not sure how long you have to work for a broker before you can become your own broker.. In most states that's 2 years.. so that's what I did worked for a broker for two years from 18 to 20 then at 20 and a few months I passed the brokers exam and have been my own broker ever since.
the key is access to put your product on MLS and save the listing side and get a fee when you buy.. it can equal 20 to 50% of your net profits ..

working for yourself as a broker should ONLY include MLS dues unless MLS makes you join the board.. some do some dont