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Updated about 8 years ago on . Most recent reply

User Stats

102
Posts
10
Votes
Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
10
Votes |
102
Posts

Should I get my RE license? Pros and Cons?

Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
Posted

Hi,

I have a full time Job.  I have a goal to produce 120k in rental income in 5 year or less in duplex and larger properties.  I start with my goals because most comments ask for what your goals are.  The question is what are the pros and cons of getting my license.  I would 'list' a home every now to produce and supplement income which I would like.  I do not plan on actaually showing houses.  It looks like I can get my license for around 1500 total and just play a flat transaction fee with a broker.

1. Is this worth it from the transaction standpoint when i do generate deals and make a little side money with friends and family and 2. would it make sense as an investor buying 2-5 + doors a year?

Questions welcome, thank you!

Most Popular Reply

User Stats

2,283
Posts
2,956
Votes
Nick C.
  • Specialist
  • Tampa, FL
2,956
Votes |
2,283
Posts
Nick C.
  • Specialist
  • Tampa, FL
Replied

1. yes

2. yes

In addition to the side money, it will help you find and comp deals, which is well worth the fees. No realtor is going to care about you achieving your goals as much as you. 

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