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Multi-Family and Apartment Investing

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MARK F.
  • Northwest, IN
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Advantages of RE License for Multi Family Investor

MARK F.
  • Northwest, IN
Posted Mar 8 2012, 09:45

Hello All

Total newbie to multifamily here... green as grass and doing my homework.

Trying to find advantages (if any) to getting a state RE license considering business plan is to invest in multi-family properties.

Here's my reasoning....

Potential Advantages

- Learning nuances of RE (certainly applies to single family homes, multi family, I don't know)

- Access to MLS (once again a boon for SFH investor, I think does nothing for multi investor as these properties are not listed on MLS)

- Networking w/ other RE agents/realtors (a bonus but I think achievable w/o getting license)

- Potential to pay less commission to sellers agent on properties (this is speculation on my part, I don't know if this would apply)

Disadvantages

- Course, licensing & annual fees

From what I gather, getting a state RE license may not be the best use of time/resouces for a multi family investor although I would appreciate some viewpoints from more experienced investors.

Have a Great Day!

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