Full-Time Investor Considering Real Estate License

[Khalia Luff]

Hey Everyone!

I am currently a full time investor, focusing on wholesaling deals at the moment, so that I can build capital to do fix and flips, which is my end-goal. But, I have a few questions.

I am considering getting my real estate license and focusing on investor clients, for a few reasons. I know how it gains you access to the MLS, networking opportunities, increase legitimacy, and save money on commissions (when I do a fix and flip). I also know that most of these things can be done without a license. On the other hand, I also know the cons about getting licensed, which is having to disclose (could be a pro or con), all of the fees and continuing education courses, etc. Yet, I still have some unanswered questions before I jump in.

I currently have a team and an LLC which is where I conduct real estate business. Once I'm licensed, do I have to split those wholesale fees with my brokerage? I know once I do a fix and flip that I will (and if I'm wrong in that, please correct me) but is it the same for every wholesale deal? Would it be best to have my partners do business on my behalf to avoid those fees? How will having an LLC affect me as a licensed agent? I also have plans on turning my company into a brokerage, is getting an agent license a prerequisite for that?

Any info and insight would be greatly appreciated!...I am in Philadelphia, PA, by the way. Thanks!!!