Coatesville, PA · Member since 2016 · 17 posts · 1 vote
Many times I heard that getting your license to view homes would be beneficial so I can view homes at my own convenience.
Can I get a license without working for a company?
If I have to work for a company, what type of agreement makes sense for a flipper?
If I have a license, can I become the buyer and seller for my flips?
Is it beneficial for a beginner flipper to have there license? I currently don't have enough going on where I'm too busy to act as my own agent, if thats even allowed.
As an agent in PA you just have to disclose that you are licensed when buying or selling your own properties. Working for a company gains you access to local MLS and membership to state and national associations. Definitely beneficial in my opinion. Most RE companies would be happy to have you aboard because it doesn't necessarily cost them anything if they are a 100% commission company.
Note: I am an agent in Central PA and just getting into RE investing.
Depending on volume of homes you project seeing, cost of licensure and potential cost of hanging your hat somewhere, recurring continuing education costs and time may or may not be worth it. Make sure you factor in not just the money it takes to obtain and maintain your license, but the time it takes as well. Most investors in my area (on the single family residential side) are finding deals that aren't listed- but every market is different.
Depending on volume of homes you project seeing, cost of licensure and potential cost of hanging your hat somewhere, recurring continuing education costs and time may or may not be worth it. Make sure you factor in not just the money it takes to obtain and maintain your license, but the time it takes as well. Most investors in my area (on the single family residential side) are finding deals that aren't listed- but every market is different.
How do they go about finding the properties that aren't listed?