Would it be beneficial for a new investor to start by getting real estate license?

[Jacob Ferraiolo]

Good Morning, 

I have spent the last 2 years as a full time Economics student working hard to acquire enough money to get started in real estate investing in the Richmond, Va area. This will be a joint venture with 2 of my friends who own their own contracting business. Together we have amassed approximately $60,000. 

Would it be beneficial for me to get a real estate license?

I say this because I am very new to the world of real estate and feel it would not only build upon my knowledge in this field and also help me network with others who share my interest and desire to make real estate a career, but also build my credibility since I am only 21.

[Joel Owens]

I would be more worried about the 2 friends part. You need an attorney to clearly define the relationship and roles and distribution ( profits ).

I have heard of business relationships before where the own brother went back on a promise to the other. Took the brothers money so the mother changed her will to cut the other brother who took the money out of it.

Goes to show sometimes these things do not mix well.

The license can help save costs on your resale if you are rehabbing and flipping. Look up J Scott on here as his wife is licensed and he focuses on the rehabs.

No legal advice.