Having RE License when Dealing Directly with Motivated Sellers

[Owen Dashner]

I know there are a thousand threads out there about whether or not investors should or shouldn't get a RE license, but it seems like most of them are related to the investor buying MLS properties.

I would like to hear from some experienced investors who have decided to get their license and who also do a lot of marketing for motivated sellers. 

- How has it affected your investing business since getting your license? 

- How has it changed your approach when meeting directly with sellers?

- What are the pros and cons that you have experienced?

- Do you make them an offer as an investor, but then turn around and say that you could list it for a higher price if they don't like your offer?  I'm just trying to understand how the fiduciary responsibility comes into play when you are trying to buy as low as possible as an investor, but yet get them as much money as possible if they list it with you...

[Jay Hinrichs]

Never stopped me... as long as you DISCLOSE.. those that say its a hindrance are usually worried about unconscionable profits being ripped from sellers ... @John Thedford  as John states it gives you more arrows in your quiver and depending on price point and market.. listings now a days are simply money in the bank with no exposure to speak of.. :)

also those that say being unlicensed will save you from the unconscionable profit.. that is not true someone can sue you for that just the same.. unconscionable is unconscionable regardless of licensure.

And then it comes down to your personal compass on  morals and ethics when dealing with these folks.