Should I have a Real Estate license to be an investor?

[Melineh Mirzaian]

Hi everyone,

I’m new to the real estate investment world and even though I have completed my first flip successfully I’m trying to find a way to make things easier for me to find properties.

I'm not really interested in becoming a real estate agent, but I do want to have access to the MLS to check the comps and be able to go see the properties anytime I want. I do have a great real estate agent that I work with, but she does get busy and by the time I get the comps back on a property the deal is gone.

I was thinking of getting my real estate license just to have the ability to look up comps and see the properties. I know there are fees associated with this, but any recommendation on if this is a good idea or not?!

[Marc Winter]

Do it!  There are many reasons, besides what you mention, for becoming an active agent.  

For example, when you are out looking for properties for you to buy, let's say you find one that just doesn't fit your criteria but would be a good deal for M/M Investor?  Wouldn't you rather put a sale together and earn a fee?

You go on a listing presentation and find out the seller is REALLY motivated.  You could buy it yourself--I've gotten some of my best/biggest home runs that way.

You'll understand and be able to resolve problems with elegance when you have the experience lots of closings under your belt, whether they are yours or a buyer/seller of yours.

Being in a high-energy office with lots of top producers is a giant MOTIVATOR and wonderful learning experience.

IHMO, if you want to be more than just "involved" in real estate, get your license.  

Remember the story about the breakfast of bacon and eggs...

The chicken is involved.  The pig is committed.  

Good luck!