Should Investors Get Their RE License?

[Terry Ouimet]

Hi, what are the pros and cons of getting your RE license as an investor? I realize there could be a million answers and my situation is not your situation..but I need some general input nonetheless,  so here are a few brief facts about my situation:   -thank you in advance. 

Fairly new investor, age 52, three properties and 4 rentals, 2 STR, 2 LTR, I can almost cover my bills right now grossing about $80K in rental income this year, but I'd like more cashflow for breathing room and investing, especially with the fluctuations of the STR market,


in 3 years I'll start receiving  retirement income of about $10K/mo (assuming the world doesn't fall apart), I have about $100K in the bank right now enough to get to that point and maybe even buy another house or condo..

my goals are to scale a bit more to 5-7 properties in the next 3-5 years. and coming from a high paying busy sales job one year ago, I find it hard as a new investor to "stay busy, create more cashflow, find direction, know what paths to follow with so many options (should I wholesale? syndicate? stick with SFH or move to commercial? )

I feel like getting my RE license will distract from these goals and slow me down, can you really be a "part time" realtor? I'm more of a "full-time all in" kinda guy...but it will also perhaps fill my desire to create another income stream, get more educated, stay as busy as I want to, save me money on future buys...it would be a slow 1-2 yr process correct? to get under somebody or out on my own?  - Many thanks!