Should I get my real estate license to buy investment properties?

[Abigail Hansen]

I would love to get some thoughts on whether or not getting your real estate license and representing yourself when buying investment properties is really worth it? I've been swaying back and forth for a couple of months now with this. I know getting my license if anything will help me gain valuable insight and experience. However, I also know there are costs to being an agent. Would love feedback, thanks!

[Michael Dumler]

@Abigail Hansen In my opinion, not worth it. There is always the debate of whether or not RE investors should obtain a license. I think unless you're doing multiple transactions a year, it doesn't make much sense. To give you an idea of costs associated with obtaining a license: RE course ~ $500, state and national exam ~ $200, fee to activate license ~ $200, becoming a member of the National Association of Realtors to access contract forms ~ $500 annually. Also, keep in mind commission splits between the brokergae is usually 70/30 or 60/40, you do not pocket it all. Fianlly, the state commission requires you to take continuing education courses throughout  the year. Hopefully this gives you some insight.