Would it help if I get my real estate license, if I want to become an investor?

Answer 1

Well i suppose it couldn't hurt. If you found yourself a good qualified Realtor, you should be all set.
one advantage would be being able to receive the buyers agent commission on the properties you purchase. I'm not sure if this is worth it as it cost a lot of money per year to maintain your license. Weigh out how many home you plan to buy and see if its worth it. Again i would suggest getting together with a good agent.
RE Agent,
re max

Answer 2

STOP NO NO NO NO BY ANY MEANS AND LET ME TELL YOU WHY!!!!!! By becoming a licensed agent and an investor, you are hurting you chances for great deal. As an investor when you find a property you would like to make a offer on, you track down the owner and make an offer, if they accept your offer then you bought the property. Same thing if you are a realtor EXCEPT if that person asks you how much the property is worth you have to tell them what it is worth even if that is a detrement to your offer, you also have to disclose you are a realtor and intend on marketing this property for a profit. Now some will argue that you don't have to tell them you plan on reselling it at a profit. But there have been so many lawsuits against realtors involving disclosure issues that you will want to cover all your angles. You want to remove the legal exposure you have by one step, hiring an agent. You should take the real estate class to learn something about the laws in your state and how things work. But don't activate or even get your license. Then you start working with a realtor on different projects. The seller's pay for the realtor and they are always glad to have investors to work with. Beside what your realtor is showing you, you will be looking for deals on your own. You can call your realtor for a market analysis on a property you found on your own and they would do it for you gladly. Because remember you are also earning them money on other deals and they don't want you to go to another realtor for any answers. In the transactions that the realtor is involved in there is a legal layer there. When you go to sell the property, attempt to sell it on your own if it doesn't work out list it with the realtor. Use the same escrow officer on all your deals, you can also call them with any questions you have and they will answer them. The escrow officers can look up areas you are interesting in researching without the realtor and provide parcel numbers and names of the owners as well. All this is free of charge to you. But by no means as an investor do you want to become a licensed realtor there are way to many diclosure lawsuits for that to work out as an investor. By the nature of the business you want to enter, investing, you need to buy low and sell high it's the american way. Become a savvy investor and use all the free outlets at your disposal.

PS the anyone who answers no comment doesn't know investing or what ever it was is off base a little if they understood that it is all about making a profit investing in real estate not making a career out of real estate, it's a angle I think no one is catching.

Answer 3

It has helped me a lot. I have a leg up on a lot of the Investors in my area. I have the ability to market my properties better than most. Some of the commission charged for sale of my home, goes right back into my home. I went to school and became licensed for the price of what I paid on 1 commission.

I also have the benefit of not having to wait for my Realtor to show me houses, and in a hot market we all know that time = money and I do not have time to waste.

I disclose that I am a Realtor when buying and selling and have never had an issue. EVER. In my area people are smart enough to know that there are benefits to buying and selling to a Realtor including quick closing. I close 2x faster now that I am a Realtor, especially when closing at our sister company, US Title. I see the closers from the Title Co. in my office every day and eat lunch with them. They do everything they can to get me closed. When buying and selling. My clients are happy, I am happy.

I also know about houses faster than the average buyer. I have access to the MLS and other agents who can give me a heads up on up and coming properties. In my area we also have Rapid Reporting. I know about a newly listed property before it hits the market. By the time the public sees the listing, I have already been in the home and wrote a contract.

I also have access and know THE BEST Inspectors in our area. I also get a discount for using their services because not only do I use them about 10-15 times a year but I reffer them. Keeps them making money and keeps me saving money and the benefit of knowing they are good at what they do and I wont have problems down the line because the job was done right.

In the end, being a Realtor is EXTREMELY BENEFICIAL to my business.

Anyone who answered NO to this question, doesn't know the market, investing or the public very well.

Answer 4

Yes indeed! Once you become experienced you will learn a few tricks of the trade! Example..after you make your final offer..trade your commission for a price reduction or use it to pay your closing costs. (providing your Broker is OK with this)Why pay Uncle Sam taxes? Another benefit.. good agents watch their MLS listings EVERY day and the minute a hot deal or foreclosure comes on the market..,usually he who gets the offer in first wins. Performing your own comps on the house you are thinking about buying is also a great tool that you will have at your disposal. Working with Real Estate attornies, you can align yourself with a Real Estate attorney that knows how to present a Short Sale, which usually saves you tens of thousands of dollars per deal! Finding a good aggressive one isn't easy. Take a few Real Estate classes and learn the art of negotiating..that goes a long way as well. Our state laws differ, so check with your State laws to make sure there are no rules and regulations about being an Investor & Realtor.

Hope this helps...go get that license!

Vicki Watzlawick
Broker Owner
Exit Platinum Realty
www.vickisdreamhomes.com

Answer 5

No it would not help, in fact, it could hinder you. There is a lot of liability that goes with the license. You can't buy and sell without full disclosure of your "so-called advantage" over the general public. Just get a good agent that will work for you as a "buyer's agent" and let her keep you informed of all the good deals that come up. Usually, the buyer's agent doesn't charge you...she charges the seller. If you want to sell it yourself, she's probably okay with that too.

Answer 6

No - if you find a good deal or need help finding a good deal the other agents will not want to share their commission so you will never have the edge using the license

housebuz

Answer 7

Hey

Yes it would. I can help you with all of your financing needs. My name is Humphrey Mitchell. I am a mortgage banker here in New York and I wanted to know if you have already been qualified for the type of mortgage program you can qualify for. We have programs for 100% financing with a credit scores as low as 580. We have been in the industry for over 15 years. I can help you get the best rate and the right program. If you already have a banker great too...I welcome the opportunity to beat his rates and programs. Hope to speak with you shortly you can reply to this message or give me a call directly at [phone]. Hope all is well and Good Luck!

Cheers,

Humphrey
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Humphrey Mitchell
Co-Chairman/CEO

Turbo Financial Inc.
303 5th Avenue Suite 1809
New York, N.Y. 10016

Cell: (917) 337- 8670
Phone: [phone]
Fax: (212) 213 - 1257

Licenses mortgage bankers in NY, NJ, CT, CO, MD, IN and FL. We are direct lenders.