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Updated about 7 years ago on . Most recent reply

User Stats

30
Posts
20
Votes
Todd Romero
  • Creswell, OR
20
Votes |
30
Posts

Do I need a Real Estate license.

Todd Romero
  • Creswell, OR
Posted

I know this question has been asked many many times, but this pertains to me personally. My father who has been a Realtor as long as I can remember says go for it. My uncle who is also a realtor says no it will create too much liability. I’m not looking to become an agent who works with clients, I want a license specifically to aid my investing career/business, and to possibly work with other investors. May possibly get into a wholesaling as well and I feel a license in that aspect can’t hurt! Your thought are much appreciated...

Most Popular Reply

User Stats

46
Posts
16
Votes
Travis Darden
  • Rental Property Investor
  • Indianapolis, IN
16
Votes |
46
Posts
Travis Darden
  • Rental Property Investor
  • Indianapolis, IN
Replied

I'm currently in class for my license.  I feel great about it for a couple of reasons.  I tried to wholesale and it just didn't feel legit.  There's nothing wrong with it so I'm not knocking it but... It very well could have been that I just wasn't good as I was trying to learn the business from a friend that I paid to help me.  Felt a little sleezy honestly.  I did the mailers, I got some responses and talked to a handful of people.  I ended up giving a deal away to a friend b/c I couldn't find a buyer just so that I could help the seller that I "promised" I'd buy his house.  My thing is, I will do a flip and I may even wholesale down the road.  I just want to legitimize my business with more professionalism and be able to help a wider range of people in my business.  I was back and forth about it in the beginning, but now I'm ALL IN on getting my license.  I realize it won't teach you how to sale real estate but I'm already learning the networking aspects of it is invaluable.  Sure and I have heard the story, real estate agents typically don't invest.  Well, that won't be my story, I fully plan to invest (buy & hold), buy & sell for clients along with flipping.  So if you are in Indianapolis in March and need an agent to work with or a potential investor partner, I'll be here with a license ready to help where I can!    

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