Do you recommend becoming a real estate agent ?

Question

I’m currently doing fix n flips. However, I’d rather be holding multi families. I use the fix n flip strategy to build capital. What are the advantages of becoming a realtor? What are the possibilities?

Marcus Auerbach · Answer

I have been an investor long before I became an agent. It did not make me a better investor. When you look at our portfolio growth you can see that the years after I got licensed were not very good. We are back on track now, but I can't get those years back.

Also, you would not hire an agent who has your qualifications (zero experience), why would you hire yourself. There is a good chance your rookie mistakes will cost you more than safe.

Shaun Robinson · Answer

@Katie Greenman Thank you for taking the time out to address my questions. Great insight! I’ve recently enrolled with Real Estate Express to pursue my license. Thanks again!!

Katie Greenman · Answer

Hey Shaun! So the possibilities with real estate as an agent are truly vast! Being that you have gained experience with fix and flips is such a leg up!! Advantages of becoming a realtor all depend on your personal goals.  If you enjoy helping people, getting involved in the community, learning, saving money, and investing I think RE will benefit you greatly! Having your real estate license is another tool to add to the box.  Which direction you run with it will be entirely up to you but why not go after it if it seems interesting! You can have a business model focused on referring people out, building a team, representing yourself, or maybe a little bit of the following. Having access to the mls will increase your knowledge and provide as a very valuable resource.  You will be getting more out of your deals as well by representing yourself in the purchase of muti-fam properties.  It will take time and energy of course to develop and grow but if you are interested in re it will feel like a dream because it is something you are passionate about!! Better to try then to not and regret.. don't let time or hesitation deter you from a door with literally thousands behind it. LOL

Shaun Robinson · Answer

@Marcus Auerbach Thanks ! That was great insight!

Shaun Robinson · Answer

@Michael Higgins Thank you! I just followed you! I’m definitely interested.

Michael Higgins · Answer

One advantage is the ability to make extra money. You said you are doing fix and flips to build capitol, well selling real estate will give you another arm in that goal. If you are someone who is deeply ingrained in real estate(i.e you are flipping houses, talking to various specialists, talking to buyers,etc) then it is likely you will have opportunity to get leads to sell just from that. Furthermore it will make finding leads for your flipping/investing much easier.

It is one thing to have an agent send leads and have to ask them for any thing new. Its very different when you have the MLS at your finger tips and have the freedom to look up any thing at any time, have all the information at a moments notice and be able to access it any time a day with out needing to ask somebody else some where else for it. It can take some time and effort to get it, but if you work at it will help your business by helping you build capitol and find more leads.

If you have any questions or would like to chat more feel free to connect with me.

Do you recommend becoming a real estate agent ?

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