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Updated over 5 years ago on . Most recent reply
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As a hobbyist investor, is it worth getting my RE license?
I am a tech exec who likes to invest in real estate as my primary long term investment strategy. I own 7 units. I find using an agent limiting because:
- You cannot negotiate yourself but have to have the agent do it
- It's hard to get a deal when purchasing because of the commission fees
- Typically pay 1-3% to my agent to sell a property for me (will still need to pay 3% to the buyers agent)
For these reasons I'm considering becoming a licensed agent myself. Any reason why this is a good/bad idea? I have no plans to actually work professionally as an agent. The idea is to just be able to manage my own deals without using an agent.