Pros and Cons of having your Real Estate license as an investor

[Jacob Holth]

BP!

Who here has their Real Estate license and uses it to help with their investments? - What are some pros and cons? Many have been asking me about this in my area

Thanks - Jake

[Sean Lambert]

My wife is a realtor, I’m not. One benefit is that she sees and hears about deals before they come on the market. She also has a huge network, so deals can pop up and we could jump on them if we wanted.

She also represents us on purchases, so we aren’t sitting by the phone waiting for our agent to get back to us. She talks directly to the selling agents.

She also gets commission when we purchase something, which we can use as an option in our pocket during negotiations.

Instead of the seller paying her commission, it could be used to lower the price or used as part of the down payment. This would avoid the commission being classified as income.