Become an agent? Good or bad as an investor?

[Mandy Silveira]

I'm brand new to the world of real estate investment. I'm still just in the "educating myself" stage. I asked a couple of investors I knew if they thought it would be good to get a real estate license and they said affirmatively "NO!" They said because of "disclosures"...like it was a dirty word. What do they mean by that and is an RE license advantages or not??

[Gino Barbaro]

@Mandy Silveira

I don't see why they would say it is a bad thing.  The only negative I see is that you will begin to see yourself as an agent and not an "investor".  Don't lose sight of the fact that most o the wealth created in real estate is from investors, not commissions.  Agents are always chasing the next commission, and lose sight of the big picture.  Keep the big picture in mind and you will be okay.

I got my license in NY and it has not affected me.  I also got it to educate myself on real estate laws and the relationship between agent and buyer and seller.

I actually think it lends to your credibility if you are an agent. You will have access to the MLS and you will be around deals and people who are in the business

Good Luck

Gino