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Updated over 5 years ago on . Most recent reply

User Stats

255
Posts
126
Votes
Maugno M.
  • Flipper / Landlord
  • Tyler, TX
126
Votes |
255
Posts

REAL ESTATE LICENSE. IM DEBATING , IS IT WORTH IT FOR AN INVESTOR

Maugno M.
  • Flipper / Landlord
  • Tyler, TX
Posted

Hello BP, 

I have been buying and selling real estate now for several years now but as an investor. For the most part, I buy and sell from the tax sales and trustee sales of the courthouse steps. I buy and sell mostly as is. I used to call this wholesaling but I guess this isn't the correct word, what I do is wholetaling. I have done some complete remodels as well, and sold to the public with realtors. My last project I started back in January, but didn't close till August. I Had some appraisal issues(FHA) that I had actually posted here in BP. After paying commissions, I actually lost money, which left a bad taste in my mouth. First time ever losing money in RE.

A real estate broker i do biz with and used to work for as an assistant, told me maybe having my license would hinder me, possibly, because of all the regulation around it. But other than that it might be good for me. I never brought up the point about him bringing me under his wing. 

My next plan btw, is to start building new houses from ground up, to much bs in remodeling.

What are your thoughts on this BP? 

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