Looking for advice in St. Louis

[Rhonda Shrum]

I have joined a couple of meetup groups, one being the Southside Investors, but the first meetings aren't for a couple of weeks. In the meantime I'm still trying to find some people to talk to. I'm in STC and chesterfield. Interested in wholesaling, flipping and possibly buy and hold eventually, probably in the St. Charles area. Wondering if I should get a real estate license? Any advice?

[Lee Carrell]

Hi Rhonda!

I had obtained my real estate license to assist in my investment plans. There are plenty of advantages to it: RE knowledge, access to MLS, first contact with home sellers and buyers, professional contacts, etc. However, I was so overwhelmed with helping clients find their own homes that my investments took a back seat! If you work for an agency, they want you helping their clients find homes, not yourself!

If I did it all over again, I would get the RE license and knowledge, work for a company a year or so for the experience, then get a broker's license and open my own shop for personal investing.

Good luck either way!