Do you invest in yourself with a real estate license?

[Michelle Paulsen]

I have a solid, great paying job but I am looking to make a second income. I am looking for a part time job with more than just a money return. I want to learn and set myself up for the future in the real estate world. I am a new investor and setting myself up to buy a multifamily in the next couple months to house hack. In your opinion, is a real estate license the best way to go to gain knowledge and make a stream of revenue? Or would a different avenue like being a lender or broker be a better investment to help make future purchases better. 

Would love some opinions! Thank you in advance! 

[Brad Hammond]

Hi @Michelle Paulsen, I think that getting your real estate license could be a good path for your situation.  Here are a few things to think about.

1. It isn't worth it if you are only going to be doing your own deals.

2. There is a lot of unpaid work you need to do before you actually get your first closing.

3. Keeping your license is expensive, I pay about $2,500 per year just to hold it.

4. You need to be self-motivated if you want to succeed.  The more you do, the more you will learn and grow.