Advantages of being licensed agent for investing

[Alex Arter]

So I'm in the beginning stages of becoming an investor. Was wondering is it worth having my own license to do my own deals.

[Jay Hinrichs]

Originally posted by @Brandon L.:

@Alex Arter I just put together a short blog post with my opinion on your questions. Check it out and let me know what you think. It all depends on if becoming an agent will bring back more than you put in within a reasonable time frame. That has to be determine by your numbers and goals you have set.

https://www.biggerpockets.com/blogs/5868/79007-sho...

 I read your blog  ( not something I do often but i was curious on your take)

to me i have the exact opposite opinion.. I cant think of a a business with higher earning potential that takes so little to get licensed and maintain it.. its peanuts compared to what your potential earnings can be..  

now if you never use it waste of money.. but if your flipping houses I think personally its mandatory..  you get a commish most of the time when you buy or you can discount the price by what the seller would normally pay a buy side commish.

and then you list them yourself.. having been on the money end of this  the actual flipper end and a broker.. many times in flips that are flopping or wobbling.. the commish saves the day.. so being able to list your own in my mind is critical.. and profitable.

and then you never know when someone will really excell at sales.. it is a sales position after all.  and it can be a great vocation that you can do for the rest of your life.. and its like anything you have to work your way up.. put in your time and days.. but i look at my wife and her activity all referrals after 20 plus years if your doing this even remotely correctly you will spend very little on marketing your sales and clients should all come from referrals..   compare that to wholesaling which so many think is quick dollars etc.. your only as good as your next mail campaign.  

so just a little  bit of an opposing view and a vote for getting that license and see how you can make it work for you.  PS i keep my CA brokers active so i can take referral fee's when some one ask me for a referral to an agent that I may know in another state I get legally compensated for those referrals.. and talk about profitable deals.. one e mail can be 5 to 10k in a referral fee.. :) who needs rentals right ?