Real Estate Agent Purchasing First Property

[Cassandra Alessio]

Hi Everyone!

Does anyone know the pros and cons to purchasing your first property as your own real estate agent? I am newly licensed agent and am looking to possibly purchase a property to flip or to househack. I am not sure yet. Since I do not know much as a real estate agent yet, is it better to have someone else put an offer in for you or should I just write in the offer myself under my own name? I have heard from a broker that it could be risky purchasing a property under your name as an agent. My state uses attorneys for closings so I would think that my attorney would do due diligence but I am not sure the full risks.

Any advice is greatly appreciated! Thank you!

[Ronald Allen Barney]

Self-represent on either side of any deal--be your own buyer's agent if you are buying and your own seller's agent if you are selling.  It will give you good practice for how to handle transactions for clients and put you in the client's shoes.  "What could I have done better for myself here?"  The answer is the key to how to become better as an agent.