Hello I’m New To Real Estate

[Brock Michael]

Hi I’m very to new to the real estate game and I’ve got a few questions, I won’t be getting my first property for atleast 6 months maybe a year. I am 20 years old and first I’m going to move out and get my own place and I’m moving across the US. One of my plans is to buy a duplex property and rent out the other side and live in the other. My question is do I need a real estate license to make a lot of money in real estate? Or can I buy properties and use them as investments without a real estate license? If I don’t need a real estate license for that, what does a real estate license allow to me do exactly. I know it’s probably a stupid question but thanks.

[Bhekizwe M.]

Originally posted by @Brock Michael:

Hi I’m very to new to the real estate game and I’ve got a few questions, I won’t be getting my first property for atleast 6 months maybe a year. I am 20 years old and first I’m going to move out and get my own place and I’m moving across the US. One of my plans is to buy a duplex property and rent out the other side and live in the other. My question is do I need a real estate license to make a lot of money in real estate? Or can I buy properties and use them as investments without a real estate license? If I don’t need a real estate license for that, what does a real estate license allow to me do exactly. I know it’s probably a stupid question but thanks.

Hello @ Brock Michael.Welcome to BP

Starting with an investment property is the way to go

A real estate license is for professionals to sell real estate on behalf of others according to certain standard of ethics etc.When investing, you are a  principal in a transaction thus you do NOT need a license for that.As an investor you can make as much money as you like according to your knowledge of markets, skills and resources.

A license allows you to represent sellers when they are disposing their properties.Its an AGENCY relationship