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Updated over 10 years ago on . Most recent reply

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Jennifer Umbaugh
  • Wilmington, NC
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Looking for 2 to 3 flips in Wilmington NC in 2016

Jennifer Umbaugh
  • Wilmington, NC
Posted
I am a newbie to BP. I live in Wilmington and am looking to do 2 to 3 flips next year. Would like to work with wholesalers. I will not be looking for first deal until March but wanted to introduce myself. I am waiting until March because I will be tied up with the Broker Class in January and February. I do not plan on obtaining a license, just want to learn.

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Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Jennifer Umbaugh, if you are going through with the classes, get the license as well. If you haven't already signed up for the classes, rethink that idea. You really don't learn very much in the classes. Legalese that doesn't really help you very much in day to day investing.

I'm licensed in CO, and my broker made a joke once I got my license "Now you can start learning the information you really need."

All that said, I think having a license gives you some pretty great advantages. The MLS access and past sales data is worth the price of admission. But you can't have either if you don't take the test for the license.

I'd be interested to hear what other agents have to say about taking the classes but not getting licensed. @Russell Brazil, @James Wise, @Darren Sager. Other agents, feel free to chime in, too.

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