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Updated over 4 years ago on . Most recent reply

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89
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57
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Jonathan Feliciano
  • Accountant
  • Miami, FL
57
Votes |
89
Posts

Should I get my real estate license?

Jonathan Feliciano
  • Accountant
  • Miami, FL
Posted

As a real estate investor, I see myself simply buying, renting out, and flipping houses. 

I don't really see myself being a realtor, whereby I make my money off of commission via the sale of houses.

Still though, should I get my real estate license if I'm going to become a real estate investor? Is it necessary? Will it help me in any profound way? If so, how can it help me?

On a side note, my university offers a BA in real estate. Should I major in real estate if I plan on doing real estate investing?

Looking forward to reading your responses! I could really use the guidance.

Most Popular Reply

User Stats

288
Posts
179
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Alora Glaze
  • Indianapolis
179
Votes |
288
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Alora Glaze
  • Indianapolis
Replied

You absolutely do not need a real estate license to get into investing - although, it is handy to be well-versed in real estate practices and to have access to your states real estate database so you can immediately see newly listed properties; not to mention you can also run your own comps. This helps when vetting properties and making sure you can hit your ARV goals.
Additionally, you can supplement your income in the REI field if you run stagnant on properties.

Often times though, you get the most experience in investing by simply just investing. You're not going to hit home-runs every time, just getting on base and being able to fund your next venture is a win.

Sounds like you may need to do a bit more research before committing your degree to real estate - it is always important to be passionate and truly eager in whatever path you take. The positive with real estate though, is that you can take that knowledge with you anywhere in the country (i.e. out of state investing) and apply it to assist you with your financial goals.

Best of luck to you!

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