Real estate licence????

Question

I am new to real estate investing and was thinking about getting my real estate licences but everyone I speak with is telling me that it's not a good idea for an investor to get a real estate licences because as a landlord your tenants  will be able to use you having your license against you when trouble arises. Can anyone out there shed some light on this for me? Thanks

Nick C. · Answer

If you follow your landlording rules and run your business with integrity I can't imagine how they could use it against you. I'd ask them how it can be used against you, I'm honestly drawing a blank. There is a governing body you potentially would have to answer to that will hold you to a higher standard, but that shouldn't be an issue unless you're doing something sketchy.

Carlos Zapata · Answer

I have licenses, you can make good money as investor and also help some people buying or selling their house and make good commission,  you really do not need a license but if you have it, you can make good money in commissions at the same time you are buying your portfolio

Diane Cohn · Answer

Getting a real estate license involves added cost, time, ongoing licensing fees, MLS membership fees, increased regulatory scrutiny and continuing education requirements. Although it's a good way to get transaction experience using other people's money, you'll have more freedom and flexibility without it.

Thomas S. · Answer

What you do for a living, besides being a landlord, is irrelevant. If you decide the job you want to do is real estate agent then go for it. It's just a job but not one that is required to be a real estate investor.

I prefer to use other people to do the work for me.

Real estate licence????

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