Real Estate license and how it relates to personal investments

[Josh Haney]

All,

I have recently considered getting my real estate license in NC..I dont necessarily want to be a broker/agent, but I have heard great things from investors I know that have it---from advanced knowledge/real estate network all the way to the ability to be your own agent on your deals (and deals on friends/family). If looking to acquire roughly 1-2 properties per year, it seems to make sense to me with the savings in commissions to other agents. I am also very interested in developing a syndication/fund in the future, and feel like this will only help any credibility to future LPs/GCs/etc.

Does anyone have advice/thoughts/opinions on best way to go about this and if getting licensed is worth it? Id love to connect and learn from someone that has experience in this area..thanks ahead of time.

[Mackenzie Grate]

Hi! I actually did just this a few years back, but up in New York. I will say this, it did help me to grow my network rather quickly. And although I didn't intend to sell as much initially, I ended up really liking selling a lot more than I thought. That is what helped me to build my network and knowledge base super quick. With that being said, it does make it harder if you are looking for off market deals. As a realtor, I have to disclose I am that and I have to be super careful about "theft of equity" laws up here meaning that if someone comes to me for my professional opinion because they are not sure if they are going to list it or not, I can't really just offer to buy it. I have to first act in the best interest of them, which 99.999999% of the time in this market means listing it and bringing it to market. So it can have some drawbacks. But overall, it was one of the best decisions I ever made and really helped to kickstart more rapid growth of my own portfolio.

Good luck! You got this!