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Updated almost 6 years ago on . Most recent reply

User Stats

16
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3
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Fernando Tello
  • Fort Lauderdale, FL
3
Votes |
16
Posts

Becoming a Realtor gives and edge for Realestate Investment

Fernando Tello
  • Fort Lauderdale, FL
Posted

Dear BP community,

I am recently starting a family real estate business here in Dallas (we are looking to buy a hold several multi families)  and my question is if it is still recommended as a real estate investor to become a realtor?

At first, I did not had any doubts about the subject but after talking to other investors, some of them have raise some concerns about it, citing some "conflict of interests" when you are a realtor v.s. a real estate investor.

(Ex.  When you see a small issue on a property that you have invested or want to invest in, and you know there is a quick fix or that the small issue wont be a real problem until 20 years from now, as an investor you can either do the quick fix or even forget about it,  knowing that is highly unlikely that you'll have the property for that long. On the other hand if you are a realtor you are obligated to report the issue, and deal with it as soon as you find it) 

Again I am new to all this so do not know the veracity of all the facts in the example, but that is the one I remember

(For me the point of becoming a realtor, was to get some more leads, and have an easy way to get good comps with the MLS)

Let me know your thoughts, 
Thank you and all the best

  • Fernando Tello
  • Loading replies...