Realtors who are also investors, question.

[Dell Schlabach]

I am again reconsidering getting my real estate license, mainly as an extra income source. Although I get a significant listing discount, and work with an exceptional team. As our volume increases, I see the significant amount of money I am losing on the buy side.

The amount I pay on the sell side, for the service I get, doesnt warrant the switch, but combining the buy and sell @3,500 a project could could easily bring in an extra 100k annually. Enough to make it worth spending two weeks in class, as well as to pay an assistant to do a lot of the extra detail work that would now be required.

Before I decide to do this, to make sure I am reasonably accurate in projection the amount of extra income ...

Question? The bank owned houses that you buy, do you get the comission on the buy side? I understand some banks dont allow comissions to be paid to a realtor who is also the buyer.What do you find in regards to this? Do you get the comissions on most? half? Always if you put them into an entity? You put the houses in your partner or wifes name? other workaround?

Any insight woul be appreciated. Thank You.

[Jay Hinrichs]

@Dell Schlabach its not the time you spend in class,, its the time your going to be doing the work of your current agents.. and the opportunities you lose because of working on a sales contract to save 3k and miss a buy opp that you could have made 10 to 20k on.

I have RE brokers license in 3 states.. other than listing some of my own properties. I always use realtors.. And the ones I list are 300k plus so Its more like a 7500 to 12k savings per home. And in our ultra hot market listings are not real hard to service or manage, especially with docusign.

thats how I would look at it.