Real Estate License

[Cordelius Walker]

How can acquiring a Real Estate License be beneficial to my career as an investor?

[Mack McPhatter]

If you are planning on wholesaling, I don't know if having a license would be very beneficial. The Ethics part is iffy for wholesaling.

If you plan to flip or buy & hold it can definitely help your business.

1. I get paid every time I buy a house, so I basically get a 2-3% discount on the purchase. My broker let's me sell 3 of my own properties a year for free so that's more money saved when I sale.

2. MLS access helps. You can go see properties as soon as you see them and don't have to wait on a Realtor to find time to show the property. Time is of the essence for really good deals.

3. I can't buy them all. I'm already looking for deals everyday, so it not a big effort on my part to pass along a deal to another investor and make commission. You may even get the listing when they sell which is more money in your pocket.

4. Once you get your name out there, people will call with future or off market deals. The less competition the better and cheaper you can purchase the properties.

Those are just a few benefits off the top of my head. It's cheap and easy to get your license. If you are serious about investing, I would definitely recommend it.