Updated almost 7 years ago on . Most recent reply
Nurse to Real Estate
Hello All! I am new to the Bigger Pockets family. I'm from Knoxville, TN and currently a Registered Nurse transitioning into Real Estate Investing. My goal is to purchase my first property to flip by the end of June. I would like to hear thoughts on pro/cons to becoming an agent, if my goal is to only invest and flip at this time. Thank you!
Most Popular Reply
Just my 2 cents... it all depends on how much you value your time.
If you're looking to save money, you'll probably save a bit if you're buying & listing them yourself, but with all the extra add on fees of being an agent (broker fees, MLS fees, E&O insurance, etc.), the money saved would depend on the type of homes you're flipping. Plus, you're dealing with added time doing your own research, bookkeeping/accounting, taxes, etc.
The biggest pro for me, from your perspective, was not having to wait for an agent to schedule the showings. If I wanted to go see something, I could go as soon as I saw it or get a showing with the agent/occupants.