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Updated over 6 years ago,
Which State to Obtain RE License for OOS Investor Deals?
Hi Everyone!
Looking for some guidance on which U.S. state to obtain my real estate license in, in order to provide "packaged deals" to investors. Thinking about starting with Georgia, but open to any other state with cities that have price-to-rent ratios of 20% or higher, turnkey median home price ~$225k, and where the pre-licensing real estate courses are available online.
A few things to note:
- Target Client: Investors seeking an investment strategy that is as passive as passive income can possibly get! This service is NOT for the investor who needs and/or desires to control all aspects of their investment, from research to acquisition.
- Value Add: Convenience
The service would be as follows:
An investor provides me with their preferences for acquisition cost, cash flow, property specs, location, etc. I research and locate properties on MLS.com and various real estate marketing portals. I visit and analyze the property, and estimate rehab costs (with experienced inspectors and contractors), add a buffer for unexpected repairs, and provide a financial model with an ROI comparison of a traditional rental vs. short-term rental.
Any guidance/tips (positive comments only please) would be greatly appreciated!