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Updated about 6 years ago on . Most recent reply

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Dakota Ochoa
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Pros and cons of having a real estate license

Dakota Ochoa
Posted
What are the pros and cons of having your real estate license as a fix and flipper? And as a buy and hold investor? I’m considering getting my license and would love some help deciding whether or not it’s a good idea for me. TIA!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

for me personally I cant see how anyone that is going to do any volume in their local area in the fix and flip end of things can do this without a license.

1. real estate fee's can equal profit.. yo save those you instantly double your profits.

2. instant access to MLS and the all important lock box key codes.. no waiting on anyone to view a prop.

3. get lower up front purchase price EVERYTIME by discounting purchase price by the amount of the BAC commish.

4. Uber networking this is were real estate is done.. with other professionals in the industry.. 

now depending on market not all brokers allow you to do your own deals.. you need to find one.. bigger metros easily have those smaller little areas may not.

and for those that say it cost too much that's just BS its a few grand a year.. and if you cant afford that for your business then your business is not profitable anyway.

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JLH Capital Partners

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