Getting license to start investing education

[Erik E.]

Hello BP agents! I have been weighing the pros and cons of getting my license to get immersed in the RE market and convert that knowledge to investing for myself. I am now again strongly considering it since I am going to be moving from VA to Miami in March and I feel this would be an opportunity to commit to something different. I have been trying to learn about real estate on my free time right now but I just feel like that is not enough. What are your thoughts on getting a RE license in order to learn about investing? Also, what are the first few months like in terms of income? Should I expect to not get paid at all until I actually start selling property? Thanks everyone!

[Becky Spivey]

@Erik E. that sounds like a great goal.  I've been doing real estate for 22 years and having your license will be beneficial to your investing career.  Real estate is a relationship business you have to build relationships to build a real estate career plus it is crucial to learn your market area.  As far as immediate income it depends on the market you're in.  When I started I used my clerical skills to assist a broker so that I could have income on the side before I started closing deals.  It took me about 5 years before I had a solid business of repeat clients.  Real estate is commission only so you have to close deals to get a check.  Some people can do this much faster!  It will be beneficial to your investing career to have your license because you will learn the industry, the procedures and be able to pick up investing leads.  Best of luck to you on your endeavors.

Be blessed daily!!

Becky