I am an investor (flips and LTRs) who is in the process of getting my real estate license to use for my own deals. Wondering what brokers those of you in the same situation use, who allow you to only do your own deals. Thank you!
I am an investor (flips and LTRs) who is in the process of getting my real estate license to use for my own deals. Wondering what brokers those of you in the same situation use, who allow you to only do your own deals. Thank you!
Hi @Michelle Lemieux! Since you're mainly getting your license for your own investment deals, I'd look for a brokerage that's comfortable working with investors who aren't planning to represent outside clients regularly. I'd compare the monthly fees, transaction fees, commission splits, and any rules they have about personal investment properties. What state are you getting licensed in?
I'm a real estate attorney, broker, and investor based in Maryland, and I also own Lux Realty. I understand why you'd want a brokerage that fits the way you invest, especially when you're focused on flips and long-term rentals rather than traditional real estate sales.
Thanks for bringing this up, @Michelle Lemieux! It's a good question because the right brokerage arrangement really depends on your goals. Happy to connect!
I am an investor (flips and LTRs) who is in the process of getting my real estate license to use for my own deals. Wondering what brokers those of you in the same situation use, who allow you to only do your own deals. Thank you!
Hi @Michelle Lemieux! Since you're mainly getting your license for your own investment deals, I'd look for a brokerage that's comfortable working with investors who aren't planning to represent outside clients regularly. I'd compare the monthly fees, transaction fees, commission splits, and any rules they have about personal investment properties. What state are you getting licensed in?
I'm a real estate attorney, broker, and investor based in Maryland, and I also own Lux Realty. I understand why you'd want a brokerage that fits the way you invest, especially when you're focused on flips and long-term rentals rather than traditional real estate sales.
Thanks for bringing this up, @Michelle Lemieux! It's a good question because the right brokerage arrangement really depends on your goals. Happy to connect!
That's a good point, Diana. Finding a brokerage that understands investors who primarily handle their own deals can make a big difference.
Michelle, congratulations on taking that next step with your license!
I work with investors on fix-and-flip, bridge, and rental financing through Civic Financial Services. As you continue building your investment portfolios, I'd be happy to be a resource if financing ever becomes part of the equation. Always good to connect with other investors and real estate professionals.
@Michelle Lemieux I went the same direction, investor first and licensed after, so I get the question. Plenty of brokerages will take an agent who only does their own deals, but the details vary a lot: monthly or desk fees, E&O, transaction fees, and whether they expect any production. I'd sit down with a few brokers and ask what it really costs per year if you only do your own deals. Talking to agents who are already there is the best way to find out what it's actually like. And keep in mind you'll need to disclose that you're licensed on your own purchases. Good luck with the exam.