Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
License vs WHolesaling
Hey guys, so I know that there are tons of blogs and posts on whether or not t get a license, but I just wanted some input on my personal decision on whether or not to get a license before I decide.
So right now I'm still in college and currently working part time. I just need to break out into the real estate world as soon as possible no matter how big or how small. the biggest thing holding me back rn is lack of money. (I know many people would argue this shouldn't hold me back) So I figured I could either start wholesaling, in which I would have to create a buyers list and network with other investors that I could potentially find deals for, which I would be find with, and could potentially help me out immensely in getting started with no money. The only thing is that its hard to find time to network with investors while in college. And in order to really be successful in wholesaling I would need to quit my job, and I would have to go a period of time with no money at all, which could really hurt me financially if I had to do that.
Or I could get my license which would require a lot of money input on my side, but not as much as buying a house of course. Which with me working rn would be fine. And while I'm working on getting my license I can still be working at my current job, and I wouldn't have to quit until I am being sponsored by a broker, so a much smoother transition I guess. I also figure a license would help a lot more in the long run, and would be a lot more reliable, and safe in terms of making money.
My main dilemma with getting a license is that I mainly want to be a real estate investor and not an RE agent in the long run. If I did get my license I would probably only work actively as a RE agent for about 2-3 yrs or until I save up enough money to buy my first fix/flip. Then I would mainly want to start investing full time.
Thoughts, Ideas, advice opinions, criticism? Go!