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Updated over 3 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Sawyer Martin
  • Rental Property Investor
  • Lancaster, PA
1
Votes |
3
Posts

Should I get my real estate license??

Sawyer Martin
  • Rental Property Investor
  • Lancaster, PA
Posted

Hello… a little about me so you can understand where i’m coming from.

I invest in Lancaster PA area.

I am 20 years old I bought my first single family rental 1 1/2 years ago. and i am settling on 3 townhouses at the end of this month. I was able to afford the town houses(400k) by paying off my first single family, and refinancing, with my job as a plumber making 60-70k. I am self managing and planning on doing that on all my rentals considering i am competent in construction and the business side.

I would like to BRRR my next property(and live in it) in the next year or 2, and continuing to BRRRR to build a portfolio. and i would like to find properties that need a good amount of rehab, doing what I can myself considering my job is flexible and again I am competent in construction.

I have been considering getting my real estate licenses online, but don't know if it would even be worth it for me to do that? would i be able to be the agent on my own deals? what kind of deals would i find on the MLS? or is it just better to find deals on the market? I am mostly looking for a better way to find deals in the future and i thought maybe getting my license now while i am not as busy might help me down the road.

Bear with me i am very much a beginner and i am open too any information you might have that could potentially help me, i would greatly appreciate that.

Thank you in advance! If there is anything i could do to benefit you let me know, i am very passionate about real estate and want to learn it all!

Most Popular Reply

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,153
Votes |
4,205
Posts
Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied
Originally posted by @Sawyer Martin:

Hello… a little about me so you can understand where i’m coming from.

I invest in Lancaster PA area.

I am 20 years old I bought my first single family rental 1 1/2 years ago. and i am settling on 3 townhouses at the end of this month. I was able to afford the town houses(400k) by paying off my first single family, and refinancing, with my job as a plumber making 60-70k. I am self managing and planning on doing that on all my rentals considering i am competent in construction and the business side.

I would like to BRRR my next property(and live in it) in the next year or 2, and continuing to BRRRR to build a portfolio. and i would like to find properties that need a good amount of rehab, doing what I can myself considering my job is flexible and again I am competent in construction.

I have been considering getting my real estate licenses online, but don't know if it would even be worth it for me to do that? would i be able to be the agent on my own deals? what kind of deals would i find on the MLS? or is it just better to find deals on the market? I am mostly looking for a better way to find deals in the future and i thought maybe getting my license now while i am not as busy might help me down the road.

Bear with me i am very much a beginner and i am open too any information you might have that could potentially help me, i would greatly appreciate that.

Thank you in advance! If there is anything i could do to benefit you let me know, i am very passionate about real estate and want to learn it all!

Looks like you're makin' the grade, man. I wouldn't change anything except join a REIA ($20 a month type group) where you can learn more and meet people. Don't pay big bucks for a guru, you don't need one. I've been at this for a long time. I am not a real estate agent. I always represent myself on my side of the sale. The only thing you would have access to is the local MLS. However, Redfin.com may be active in your area and if so, they cover most of the listings anyway.

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