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Updated over 8 years ago on . Most recent reply

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Carol Rivers
  • Rental Property Investor
  • Loma Linda, CA
0
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5
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license required?

Carol Rivers
  • Rental Property Investor
  • Loma Linda, CA
Posted

If I want to get into real estate investing, should a license be acquire?

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Megan Aldridge
  • Investor-Realtor
  • Sanford, FL
21
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71
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Megan Aldridge
  • Investor-Realtor
  • Sanford, FL
Replied

A real estate license is not required to purchase real estate (invest), however getting a real estate license has served me in the following ways:

1. Access to the MLS (huge!) to shop for deals

2. Convenience to show myself properties instead of having to schedule with an agent and coordinate schedules

3.  Earn commission on your own deals

4. Working as a Realtor while I grow my investing business has me learning on the fast track which I like. I had huge frustrations working with agents before I was one because they didn't "get" investing and didn't understand NOI, cap rates, etc.

The only downside are the fees that go with maintaining a license and such, but for me the benefits outweigh the downsides...especially the education and freedom.  Good luck!

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